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Anecdotally I know several people who retired in the last couple of years. One who had been working past their planned retirement date but had been coasting on
by asoneth 5y ago
Anecdotally I know several people who retired in the last couple of years. One who had been working past their planned retirement date but had been coasting on inertia and a few who moved their timeline up to retire a little early. (Though some of them still seem to do part-time consulting.) Apparently there are also fewer immigrant workers due to immigration changes during the Trump administration and the pandemic.[1]
It’s not surprising that a shrinking labor force (relative to demand) causes ripple effects. As good positions open up it triggers a musical chairs cascade as everyone else trades up for better jobs. When the music stops it seems pretty obvious that the lowest-paid and/or worst jobs are the ones that will be empty.
[1] https://www.npr.org/2021/12/22/1063104262/immigrant-workers-us-economy-key-jobs https://www.npr.org/2021/12/22/1063104262/immigrant-workers-...