Re:The Great Resignation? More Like the Great Renegotiation
by istjohn on Tuesday January 25, 2022 @11:22AM
(#30073682)
The unemployment rate, by definition, wouldn't capture people who are quitting the labor force entirely.
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Re:The Great Resignation? More Like the Great Renegotiation
by ashtonkem on Tuesday January 25, 2022 @11:29AM
(#30073802)
U-6, which covers people who have been temporarily discouraged from working but want to come back is 7.3%.
If anything is keeping people out of the work force, itβs childcare issues, not anti-work.
Re:The Great Resignation? More Like the Great Renegotiation
by aperson_hello on Tuesday January 25, 2022 @11:56AM
(#30074245)
7.3% is near historic lows on U6, but that doesn't capture childcare (like you mentioned) or retirements (at least as big of an "issue" as childcare).
Anti-work only actually comes into play in boomers who retired during the pandemic! Everyone else is effectively working if they can.
This is just a pure labor shortage - driven by demographic shifts that were years in the making and just now accelerated and by childcare shortages that are nearly fully state-driven