10 ms·

Thanks for the explanation. There's still something (well lots) strange to me. What are these people doing? I read COVID assistance had dried up (?), and still

Thanks for the explanation. There's still something (well lots) strange to me. What are these people doing? I read COVID assistance had dried up (?), and still people are not going back into the workforce? Isn't wage inflation supposed to help there, putting people 'back to work'? I mean, a big chunk of these 8% will be low-paid service jobs I keep hearing no one can hire for anymore ; shouldn't increasing wages (and, well, stopping the 'service-workers are slaves we can treat as dirt' mentality) help a lot here?

ffggvv 4y ago
some people retired a year or two early and didn’t plan on re entering the work force. especially since asset prices ballooned allowing them to do so. i think driving down asset prices and raising wages and lowered unemployment benefits will hopefully reverse some of that