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> bang! small town everybody laid off. The labor shortage is changing this calculus very rapidly. I’m not saying it can’t still happen but it’s much more likel
by nyokodo 4y ago
> bang! small town everybody laid off.
The labor shortage is changing this calculus very rapidly. I’m not saying it can’t still happen but it’s much more likely that the factory is lacking people to fill in the wide gaps in the automation possible.
- nine_zeros 4y agoThis is probably the reason. There was a spike in retirements during covid. But more importantly, the number of retirees by year is above average too: https://www.stlouisfed.org/on-the-economy/2022/january/great-retirement-who-are-retirees https://www.stlouisfed.org/on-the-economy/2022/january/great...
- nyokodo 4y agoThe bulk of the baby boomers have just hit retirement age, we have a much smaller GenX to inadequately replace them on the experienced end, a career-stunted Millennial generation filing in the middle, and an even smaller than GenX Zoomer generation joining the lower ranks. It’s a mess, but if the Millennials catch up and have enough kids then we’ll have a light at the end of the tunnel in 20 years.
- nine_zeros 4y ago> if the Millennials catch up and have enough kids This is a big "if" and as a millenial, I don't see any signs of people wanting to have more than 1 kid. They have struggled throughout our life and don't want to sacrifice more.
- formerkrogemp 4y agoLet's not downplay the deaths due to covid and lack of immigration playing a role. It's almost never just the one thing.