Quote:
Originally Posted by thinkxingu
That's behind a pay wall, but didn't you just say what I suggested? That "people are supporting themselves with better jobs" because they left lower-paying ones? I'm definitely not suggesting that immigrant labor isn't a thing, but I know a lot of people who fit into the "Great Resignation" thing who left part-time or low(er) paying jobs because it was a break-even proposition with daycare, etc.
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Sadly, data charts in the article will not copy.
Yes, we agree that people are supporting themselves with better jobs, and I also know underemployed low wage people who would not have been underemployed years ago. But more broadly for the economy as a whole, the Great Resignation of people leaving the work altogether is gone. Workforce participation adjusted for demographics, etc is back to normal.
The labor shortage today is not a Great Resignation (of people checking out), it is lack of immigration, demographics, and in certain areas such as ours, a tough housing shortage.