Originally Posted by Dan Druff
You could use Druff’s post as a thread starter in itself. There is just so much wrong you have to start small.
When I have time I will address this simplistic misconception. Familiarize yourself with the JOLT report.
https://www.bls.gov/news.release/pdf/jolts.pdf.
From the second page.
4.3 million people QUIT their jobs in August. This is the biggest number since this data has been collected in 2000.The number of quits increased in August to 4.3 million (+242,000). The quits rate increased to a series high of 2.9 percent.
From the first paragraph of the page I provided you. 2.9% of all employees quit in August. Think about that. That was not equally distributed across all industries of course. It was focused primarily on service and restaurants. WHY MIGHT THAT BE DRUFF?
We can talk about the massive infusion of capital that was pumped into the system (Trump) and the opportunities that are present now that don’t include waitressing varied hours every week with no benefits or TRUCKING.
Think about how profound this JOLTS number is and if you still hang on to the lazy American narrative I can’t help you.
Like the housing crisis we never really suffered an appropriate economic setback considering what occurred last year. We will pay for it in the future. Kicking the can down the road. Yes, I took the PPP money. It was wrong though. Your labor problem is a symptom.
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