My wife sent me a line to a couple of articles about the state of the economy ... very unusual for her. One dealt with workforce participation, it had some interesting facts - particularly about baby boomers retiring; that and a couple of other things started a chain of thought for me. For several decades we've been heavily invested in both members in a marriage working, and paying a lot of extra costs ... childcare, transportation, clothing, ready to eat meals, etc that become requirements with the second income. So what if during covid, people figured out the economics ... what that second income was costing. If companies really are having to up salaries, perhaps a lot of people are saying two incomes aren't worth it; we can do fine on one, and the workplace is not fun or even mildly enjoyable these days. What if we are seeing a reset where people are deciding that one income families are what they want, and that all the productivity oriented management styles have stripped the workplace of any place they want to be?
The Mystery of the Missing Workers, Explained