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You're wrong and so is the (year-old) article. There is absolutely a labor shortage. https://fred.stlouisfed.org/graph/?g=P0D0 https://fred.stlouisfed.org/grap
by tootie 4y ago
You're wrong and so is the (year-old) article. There is absolutely a labor shortage.
https://fred.stlouisfed.org/graph/?g=P0D0 https://fred.stlouisfed.org/graph/?g=P0D0
Prime-age employment-population ratio is 100% recovered to pre-pandemic levels and unemployment is near all-time lows. Labor shortage. QED.
- jcranmer 4y agoThat's an interesting graph. 3 of the last 4 times employment rates reached ~80%, the economy almost immediately tipped into recession. The other time, it kept going for 5 years.