Goldman just figured out why the labor shortage will last for a long time: 60% of the missing workers retired, many for good
Reports of labor shortages may not end anytime soon because a hefty number of retirement age workers have left the labor force – and a whole lot of them may not be coming back. A Friday note from Goldman Sachs researchers led by Jan Hatzius finds that 3.4 million of the people who left the labor force – meaning they’re not working or aren’t actively looking for work – are over 55. Roughly 1.5 million of them were early retirements, and 1 million were normal retirements. Those two groups of retirements “likely won’t reverse,” meaning that, out of the five…
Source: http://freedombunker.com/2021/11/14/goldman-just-figured-out-why-the-labor-shortage-will-last-for-a-long-time-60-of-the-missing-workers-retired-many-for-good/
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