I forget the exact numbers but years ago, as we faced the retirement of the boomers (Delayed by the Great Recession for some) we also faced a birth dearth in the Millennials. The word was that there will not be enough of the latter to replace the former. I have told my son, an early Millennial, that he would grow up to live in a seller’s market for employment.
I did not figure the country would go so completely to crap though.
I am a mid-term boomer and retired going on 5 years ago.
Now that the enhanced unemployment is gone I still don’t understand why poeple won’t work. I think one writer here is correct, they got out of the habit of work and the end of the gravy train of unemployment benefits is not yet sunk in.
People falsely assume that all these jobs before were the primary job of the person who has filling it. That’s false for a large number of service and retail jobs. A large number that were previously filled were second and even third jobs for people. A lot of people realised after having so much time at home with family , friends and pets that it’s just not worth that extra $$ to work that second job. People downsized living situations and can now “get by” in a lot less income. Others found out that trying to keep up with the Jones’s with new luxury cars and flashy homes is a rat race construct ment to enslave you to the property tax man and to the banks with interest on mortgages for oversized McMansions and leased automobiles at usury interest rates. People are better off for getting out of the rat race.
“Now that the enhanced unemployment is gone I still don’t understand why poeple won’t work. I think one writer here is correct, they got out of the habit of work and the end of the gravy train of unemployment benefits is not yet sunk in.”
8m retired now, but when I had bills to pay and kids to feed, I couldn’t afford to think like that.