https://edition.cnn.com/2021/12/18/business/labor-shortage-boomers-millennials-nightcap/index.html
One of the more insidious myths making the rounds this year was that young people didn't want to work because they were getting by just fine on government aid. People had too much money, went the narrative from a handful of politicians and pundits.
Only trouble is, the numbers don't back it up.
Here's the thing:
Early retirement — whether forced by the pandemic or made possible
otherwise — is having a huge impact on the labor market. And data show
that retiring boomers, far more than "lazy" millennials, are the biggest
force behind the labor shortage.
People
have left the workforce for myriad reasons in the past two years. But
among those who have left and are least likely to return, the vast
majority are older Americans who accelerated their retirement.
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