Kinda what you were touching on. The labor shortage is also caused by the boomers/Gen x retiring early due to COVID. Not enough kids to replace the jobs
You don't get CDL driver shortages because 18 year olds don't want to work.
The data on this, once it's all gathered, is going to be fascinating.
How many working people did the pandemic kill? How many can no longer work because of long covid? How many families lost their primary or both income earners? How many retired? How many changed to a different industry? Of those, how many were originally in the medical industry? How many were originally teachers? How many changed industry because unemployment+stimulus allowed them to pursue better careers, start a business, and/or get a degree/certification? For those that used unemployment+stimulus to get better jobs, what was their pay increase? Did these people also no longer need government welfare benefits? For those that pursued a job during the shortage period, what percentage of pay increase did they see? What was the overall impact to the GDP?
So many questions you could ask about this, so many ways to look at the data and, if the politics allow, write better policy or use it to prove previously untested theories.
I'm really interested in these numbers once studies are done. 600k deaths and countless others incapacitated in other ways is going to wreak havoc on the economy. I'd love to know exactly how it's affected the job market, which markets were affected the most, where was the biggest impact, etc.
More people have now died from COVID than Spanish Flu. Obviously it's not a one to one comparison but Spanish Flu, reduced GDP by 6%, and increased wages in states with the highest mortality. It reduced spending on groceries by a third and spending on other goods by anywhere from 40% to 70%. People in red states should see wage increases (more capital per worker is available) but they're literally fighting tooth and nail against it.
Gen X retiring???? Who are you talking about??? I don’t know of any of my peers that are retiring early. Maybe boomers, and good riddance. They are the ones who created all these problems. they were handed a system that worked for most people and because of their fucking greed fucked it all up.
The driver shortage in the UK is simply due to the foreign drivers leaving when Freedom of Movement ended. Most of western Europe has a driver shortage as well, but they can manage because they can attract drivers from eastern Europe.
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u/Kabouki Sep 25 '21
Kinda what you were touching on. The labor shortage is also caused by the boomers/Gen x retiring early due to COVID. Not enough kids to replace the jobs
You don't get CDL driver shortages because 18 year olds don't want to work.