General Discussion Topics, page-84532

Hi GT3 - always enjoy your writeups- thanks!

Would like to give some insight to : Low unemployment, and a very tight labour market in the States, which the fed doesn't want, but a significant drop in wage growth, which they like.
When back Stateside over Christmas there were, "we are hiring signs", everywhere! Our favorite restaurant had a sign up over the holidays that said, "Please be nice to our staff, they are hard to find". Which takes me to the two of several reasons I feel the USA will need to get use to a NEW NORMAL:

1. In general, American workforce is getting older- the one thing that helps keep it younger is immigration. Below is an article that was interesting.

'The most chilling metric of all': Mike Rowe cautions that 7 million American men are 'done' looking for work and have 'punched out' — here's why that's a serious problem (msn.com).

Most new immigrants into any society usually go into the lower paying jobs. Until this reaches a equilibrium-which could take up to 10 more years- as the last of the baby boomers retire.
I find it interesting to watch local ads- it describes what is happening at a moment in time. The local hardware store we went to had a hiring ad with a picture of a female with greying hair- it gives you a picture to whom they are appealing to- an aging workforce.

2. We need to take into account the sad impact COVID had on the USA. One million people died. We will see how COVID has impacted the workforce in China- as they come out of lockdowns.

One million Americans have died of COVID-19 (usafacts.org).

Just under one fourth would have still been in the workforce and would have an impact.




Looking forward to the weeks ahead for Sayona!