An Amazon employee in a warehouse in Illinois. One labor shock from the pandemic was the millions who lost their jobs. The other shock was those who kept theirs but found them fundamentally changed.The 2021 labor-market story should have been one of a strong—if incomplete—recovery. The unemployment rate fell to 4.2% in November after ending 2020 at 6.7%. The economy gained more than 555,000 jobs a month on average.
Instead, 2021 has been a head-scratcher. Since May, there have been more job openings than unemployed workers. Three million people still haven’t returned to the labor force. Quits reached a high in September, when 3% of all workers left their jobs. In September and October, hires were 4.4%—suggesting an incredible rate of job switching.
The monetary system is anthropocentric and unnecessary. Post scarcity is the solution.
All those job seekers have been stopped at the border by racist clowns. THAT'S why we have 10 million jobs open.
It's not weird. People have come to realize they don't have to settle for jobs that pay crap, bosses who are horrible, caustic company cultures or just wanting a career change. This is just happening at scale never seen before. All part of the great awakening from last summer.
Biden could not be more of a failure as President.
2022 will end up being an ECONOMIC BOOM.....(probably the later half of 2022)
Wow, a real head scratcher, huh?