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Don't forget mass death - the pandemic has claimed millions of lives. That's going to deplete the workforce no matter what. Of course, most of the 'labor shorta

Don't forget mass death - the pandemic has claimed millions of lives. That's going to deplete the workforce no matter what. Of course, most of the 'labor shortage' complaints are from people who pay bad wages and don't offer benefits, and most of that 'shortage' is from people who quit, not people who died.

giantg2 5y ago
I'm not sure mass death is really a major factor. The vast majority of the deaths have been in age groups that are typically out of the workforce. Maybe it's a small factor both directly and in the transfer of wealth allowing the next generation to retire slightly early, but certainly only a small effect. The quitting you mentioned is a bigger driver.
- shadowgovt 5y ago
  It's sufficient but the causality tends to be secondary. America, as currently patterned, is a fragile society. People balance work and family through ad-hoc systems with few redundancies. Now a pandemic comes around that killed a bunch of people who were providing informal support for the main workforce. A man in Georgia can't do full-time anymore because he's a single dad and the daycare shut down for the duration of the pandemic. A mom exits the workforce because the grandparents who were watching the kids after school are now dead. Someone loses someone dear to them and re-thinks their life direction. These things add up.
- plorkyeran 5y ago
  26% of people 65 and older were working in 2019. Between Feb 2020 and Feb 2021 the labor force participation rate for that age bracket dropped 11.2%, while the younger brackets dropped 1-2%. That's a significant number of people who didn't die but either lost their jobs or felt unsafe continuing to work and decided to retire rather than looking for a new job.
  - giantg2 5y ago
    Exactly, the quitting is the bigger factor. It's not that the labor force has died in mass.
- aspaceman 5y ago
  > The vast majority of the deaths have been in age groups that are typically out of the workforce. But I had the impression people were unable to retire or retiring significantly later.
  - giantg2 5y ago
    Yes, there has been a trend of working longer. Those older age groups have much lower participation rates to begin with.
deleted 5y ago
[deleted]
MeinBlutIstBlau 5y ago
refurb 5y ago
Agreed! That 70 year old competing for your job is gone!
john_moscow 5y ago
About 50K COVID deaths in the U.S. below age 50 so far [0]. [0] https://www.statista.com/statistics/1191568/reported-deaths-from-covid-by-age-us/ https://www.statista.com/statistics/1191568/reported-deaths-...

giantg2 5y ago

I'm not sure mass death is really a major factor. The vast majority of the deaths have been in age groups that are typically out of the workforce. Maybe it's a small factor both directly and in the transfer of wealth allowing the next generation to retire slightly early, but certainly only a small effect. The quitting you mentioned is a bigger driver.

shadowgovt 5y ago
It's sufficient but the causality tends to be secondary. America, as currently patterned, is a fragile society. People balance work and family through ad-hoc systems with few redundancies. Now a pandemic comes around that killed a bunch of people who were providing informal support for the main workforce. A man in Georgia can't do full-time anymore because he's a single dad and the daycare shut down for the duration of the pandemic. A mom exits the workforce because the grandparents who were watching the kids after school are now dead. Someone loses someone dear to them and re-thinks their life direction. These things add up.
plorkyeran 5y ago
26% of people 65 and older were working in 2019. Between Feb 2020 and Feb 2021 the labor force participation rate for that age bracket dropped 11.2%, while the younger brackets dropped 1-2%. That's a significant number of people who didn't die but either lost their jobs or felt unsafe continuing to work and decided to retire rather than looking for a new job.
- giantg2 5y ago
  Exactly, the quitting is the bigger factor. It's not that the labor force has died in mass.
aspaceman 5y ago
> The vast majority of the deaths have been in age groups that are typically out of the workforce. But I had the impression people were unable to retire or retiring significantly later.
- giantg2 5y ago
  Yes, there has been a trend of working longer. Those older age groups have much lower participation rates to begin with.

deleted 5y ago

[deleted]

MeinBlutIstBlau 5y ago

refurb 5y ago

Agreed! That 70 year old competing for your job is gone!

john_moscow 5y ago

About 50K COVID deaths in the U.S. below age 50 so far [0]. [0] https://www.statista.com/statistics/1191568/reported-deaths-from-covid-by-age-us/ https://www.statista.com/statistics/1191568/reported-deaths-...