Anecdotally I know several people who retired in the last couple of years. One who had been working past their planned retirement date but had been coasting on inertia and a few who moved their timeline up to retire a little early. (Though some of them still seem to do part-time consulting.) Apparently there are also fewer immigrant workers due to immigration changes during the Trump administration and the pandemic.[1]
It’s not surprising that a shrinking labor force (relative to demand) causes ripple effects. As good positions open up it triggers a musical chairs cascade as everyone else trades up for better jobs. When the music stops it seems pretty obvious that the lowest-paid and/or worst jobs are the ones that will be empty.
It’s not surprising that a shrinking labor force (relative to demand) causes ripple effects. As good positions open up it triggers a musical chairs cascade as everyone else trades up for better jobs. When the music stops it seems pretty obvious that the lowest-paid and/or worst jobs are the ones that will be empty.
[1] https://www.npr.org/2021/12/22/1063104262/immigrant-workers-...