4 ms·

I am genuinely both surprised and fascinated by this. So many industries cite a shortage of people (pilots, truck drivers, doctors, and so on), whereas this sho

I am genuinely both surprised and fascinated by this. So many industries cite a shortage of people (pilots, truck drivers, doctors, and so on), whereas this shows an increase in the amount of employees in those industries. What is generating all the extra demand? Or were we just more efficient in 2019, getting the same or more done with less? GDP certainly doesn't seem to have risen at the rate of employment which leads me to believe the latter.

gregw2 4y ago
Were we more efficient in 2019? Of course! Rich CEOs fired a bunch of otherwise competent blue collar people when Covid hit to protect their downside cash flow risks .. which turned out to be short-term risks, and now those workers have moved to new employers and are still getting up to speed. Or they have left the market completely. My guess anyway, having watched my F100 company seemingly do this.