Re:Why are American workers becoming harder to find?
by gruez on Sunday June 06, 2021 @10:44PM
(#27418458)
>The labor force participation rate will keep falling as America transitions to a post-scarcity economy
What's the evidence that this is happening, or is going to happen? The top 3 categories in the CPI are housing, food, and transport. I can't imagine any of these transitioning to "post scarcity" any time soon. The only thing that can plausibly head toward post scarcity are education and recreation, which can be delivered digitally, but those only make up 3.0% and 5.8% of the CPI respectively.
What's the evidence that this is happening, or is going to happen? The top 3 categories in the CPI are housing, food, and transport. I can't imagine any of these transitioning to "post scarcity" any time soon. The only thing that can plausibly head toward post scarcity are education and recreation, which can be delivered digitally, but those only make up 3.0% and 5.8% of the CPI respectively.