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IPFS News Link • Employment & Jobs

Why The Labor Shortage Isn't Going Away

• https://www.zerohedge.com by Charles Hugh Smith

The nature of work and the labor market are changing in ways few discern or perhaps are willing to discern because these changes are disrupting the exploitive system they want to remain unchanged. But refusing to discern change doesn't stop change. It just leaves us unprepared to deal with fast-changing realities.

There are multiple systemic reasons why work and the labor force are changing: demographics, the rigged economy, extremes of inequality, limits of technology and "garbage in, garbage out" lifestyle / health issues.

Demographics. Take a glance at the chart below showing how the population of the U.S. changed between 2010 and 2020. (Chart courtesy of @Econimica). America's population expanded by 22.5 million, but of this net increase only +1.2 million were under the age of 55; the vast majority-- 21.4 million --were 55 or older.


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