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☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to news@hexbear.netEnglish · 18 days ago

US Labor force participation falls to 61.5%, the lowest in 50 years outside COVID, and economists say it's not just people giving up

fortune.com

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US Labor force participation falls to 61.5%, the lowest in 50 years outside COVID, and economists say it's not just people giving up

fortune.com

☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to news@hexbear.netEnglish · 18 days ago
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Labor force participation falls to 61.5%, the lowest in 50 years outside COVID, and economists say it's not just people giving up | Fortune
fortune.com
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Although AI and tech innovation is blamed for that drop, it has more to do with the lack of supply relative to the number of jobs that are available.
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  • haxboar [none/use name]@hexbear.net
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    18 days ago

    “There simply aren’t enough workers left to fill the jobs employers have.”

    Totally. Thats why the pay for these jobs keeps going up, right?

    right?!?!?

    • fox [comrade/them]@hexbear.net
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      18 days ago

      Galaxy brain economists explain that people would rather die of exposure than work for $7.25 and its definitely down to a hundred million personal decisions rather than some greater systemic reason

  • EntheoNaut@lemmy.ml
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    18 days ago

    Last legs of a dying corrupt empire. Quickly moving from mid-collapse to full scale.

    Totally winning.

  • FloridaBoi [he/him]@hexbear.net
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    18 days ago

    AI and immigration round-ups just disciplining whoever is left

  • Johnny_Arson [she/her]@hexbear.net
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    18 days ago

    So those workers should be in a good position for leverage then right?

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