The data that shows Boomers are to blame for the labor shortage

  • 📰 CNN
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 95%

United States Headlines News

United States Latest News,United States Headlines

One of the more insidious myths making the rounds this year was that young people didn't want to work because they were getting by just fine on government aid. Only trouble is, the numbers don't back it up.

New York Editor's Note: A version of this story appeared in CNN Business' Nightcap newsletter. To get it in your inbox, sign up for free, here.

One of the more insidious myths making the rounds this year was that young people didn't want to work because they were getting by just fine on government aid. People had too much money, went the narrative from a handful of politicians and pundits. Only trouble is, the numbers don't back it up. Here's the thing: Early retirement — whether forced by the pandemic or made possible otherwise — is having a huge impact on the labor market.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

4 people from my office left in 2021 and 3 of them retired. I’m seeing it with my own eyes.

Oh please

Propaganda

Let's call it like it is! Wasn't a myth! Straight out lie! hate to put politics N2 it however, Republicans were behind it! they needed people back to work 2 continue 2 line the pockets of themselves & friends! Own your own folks. The man w/the land is the man w/the power.

It doesn't have anything to do with the over 800,000 people that have died from covid?

Wow could it be that lots of young people dont feel like 1) working from the bottom up is right! 2) working 8 hrs a day is right! 3) doing any type of physical labor is right! All because they have been taught that just participating gets you what you want! No work needed!

Yes, it was me, and you're welcomed!

Not a myth, fact, as well as they are lazy and want to get paid far more then they are worth

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

3 obvious things any company can do to to solve the labor shortageInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. 任何公司都可以为解决劳动力短缺做3件显而易见的事情 Pay more. Ok
Source: BusinessInsider - 🏆 729. / 51 Read more »

Sticky inflation, bigger paychecks, fading stimulus - how the U.S. economy is shaping up for 2022Delta, high inflation, record home prices, major labor and supply shortages --- 2021 was another helter-skelter year for the economy. Americans are likely to... Why even mentio anything about 'bigger paychecks' if all the other bs around it will offset that lmao wtf.
Source: MarketWatch - 🏆 3. / 97 Read more »

‘Legacies’ Original Cast Member Leaves CW Series After 4 Seasons: “I Am So Grateful”Tonight’s episode of Legacies marked the final series regular appearance of Kalyee Bryant on the CW’s Vampire Diaries/Originals offshoot. She has portrayed Josie Saltzman since the show… Me seeking spoilers on the exit guess that answers the 'meld' question😏
Source: DEADLINE - 🏆 109. / 63 Read more »

French bulldogs suffer 'much poorer' health than others, study findsData from British vets shows Frenchies' health is 'largely much poorer' than other dogs, due to the 'extreme body shape that defines' the breed.
Source: YahooNews - 🏆 380. / 59 Read more »

Australia's treasurer says strong jobs growth shows rapid economic recovery is underwayThe country added a record 366,100 jobs in November, eclipsing market forecasts for a 200,000 rebound, data from the Australian Bureau of Statistics showed.
Source: CNBC - 🏆 12. / 72 Read more »

Opinion | Biden’s Art of the OverreachFrom WSJopinion: President Biden’s stalled agenda is no one’s fault but his own, the result of an epic miscalculation of his mandate and votes, writes KimStrassel opinion KimStrassel I have an opinion for any reader out there. The act of stalling can work if people don't want to. opinion KimStrassel Kudos to Joe Manchin! People who target Sen Manchin for stopping BIDENs moron agenda forget that there are 51 SENATORS that oppose his MAXIST agenda!! CORRUPTBIDEN DOES NOT HAVE A MANDATE!! opinion KimStrassel Truly the corona virus pandemic have really affected me financially, but with of the help Anthony_Claw through her Forex investment, I’m gradually getting back on my feet financially
Source: WSJ - 🏆 98. / 63 Read more »