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That's not what I'm reading from the article. Seems more to do with people electing to age out early from work due to the pandemic.
by rootusrootus 4y ago
That's not what I'm reading from the article. Seems more to do with people electing to age out early from work due to the pandemic.
- toomuchtodo 4y agohttps://www.federalreserve.gov/econres/feds/files/2022081pap.pdf https://www.federalreserve.gov/econres/feds/files/2022081pap... “The Great Retirement Boom”: The Pandemic-Era Surge in Retirements and Implications for Future Labor Force Participation
- etempleton 4y agoSo retirees aren’t even retiring earlier than in the past, it is finally just happening in mass. Additionally all those anecdotes about people “not wanting to work” and “no one wants to work anymore” are false. More people of non retirement age are working as a percent of the labor force now then in the past. There are also just more jobs now and less people to work them.
- hirako2000 4y agoBut the article isn't answering the question. It gives some interesting facts but wouldn't put the finger anywhere near what's actually going on. And I concur, the capital greed and dehumanised workplace dynamics make more workers give up. Most stay employed of course, but gave up nonetheless. Curious to see what's next, the stick has proven far less effective than the carrot, in the long term in particular.
- Ambitious1325 4y agoIn which case the problem would resolve itself, in 2-3 years as less people (relatively) are retiring.