3 ms·
> It feels to me like the pandemic fundamentally changed many people's mindsets with their relationship to work. An underrated part of the pandemic was that ba
by legitster 3y ago
> It feels to me like the pandemic fundamentally changed many people's mindsets with their relationship to work.
An underrated part of the pandemic was that baby boomers retired in huge swaths. And immigration for skilled workers plummeted.
There are simply MANY less workers in the economy now. So workers have a ton of bargaining power.
(Before we jump to the conclusion that everything is rosy, there is a huge downside to a labor-led economy: we'll probably start seeing declines in GDP eventually. Less total hours of labor productivity across the market divided by the amount of people means less labor per person).