https://www.businessinsider.com/labor-shortage-millions-retired-early-pandemic-not-going-back-2021-11

  • NaturalsNotInIt [any]
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    edit-2
    3 years ago

    It's mostly people who said "fuck this" - people who were on the verge of retiring anyway and mothers with young children who realized they were making like $2/hr after childcare and commuting costs. Most of the people who died were already pushed out of the labor market. ~0.1% of the labor force dying is a big deal, but more important is that the shutdowns plus the booming market made a lot of people decide that working wasn't worth it anymore. A lot of these retirees would have quit their jobs more gradually over the next 3-5 years, Covid just accelerated it.