Re:Ketchum, Idaho, Has Plenty of Available Jobs, but Workers...
by jrs235 on Wednesday July 07, 2021 @01:39PM
(#27763758)
Perhaps some people who "condensed expenses" also realized that when they get sued for past due rents or house payments any money they save now will likely get ripped away anyways. Might as well wait until after bankruptcy?
Re:Ketchum, Idaho, Has Plenty of Available Jobs, but Workers...
by conductr on Wednesday July 07, 2021 @05:42PM
(#27766051)
> they must have compressed those living expenses
Or, they simply left while out of work and everyone on the remote work end of the labor pool was taking walks, on zoom meetings, baking banana bread. In texas, I feel like we got an influx of low wager earners from other states because cost and really more open economy. Meanwhile a good portion of our existing low wagers went south.
Now, "everyone" can afford a vacation property, but depending on how much money you have, it depends on low interest rates, and as-close-to-full occupancy on AirBnB as possible just to pay the mortgage.
It's like when "hey, maybe our household could use a second income" turned into "everyone needs 2 earners to get by". It's inflation.
I reached the same conclusion as you about people "condensing expenses". I was puzzling over how the economy is on fire, and yet businesses "aren't able to find workers" (read: workers who will accept what they're offering in pay) on the back of a huge unemployment spike, where you'd expect that previously-unemployed folks would be desperate for a paycheck. Some people point to Covid unemployment assistance, which is going away, but they must have compressed those living expenses in order to afford to demand higher wages.