There are lots of reasons. The boomers retiring is a big one. But there are a lot of people staying home to home-school. The governments are employing far more than ever, taking people from the private sector. Then there are the woke HR people who create rules that some people, especially boomers just won’t abide. White men know there is no way to get ahead, so they retire even with less money. Also, the illegals have under the table jobs. They don’t register as employed. And there are lots of people who have figured out how to get enough money selling things on ebay or youtube or a thousand other things that don’t require employment.
But boomer retirement and die off is the biggest factor. Millennials (born before 2000 but turned 18 after) are now a bigger generation than boomers. But gen X (1965 to 1983) and gen Z (2000 to 2018) are much smaller.
I do wonder how many women are deciding to not return to work, possibly choosing to home school. We had an era where every female was made to feel bad if they weren’t aiming for a high-end career. Of course, for the vast majority, it’s a big lie. I’m not sure, just wondering if we’ve a new generation that has different goals, or the current ones realizing that chasing a career isn’t the most important thing for them.
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