Where have all of the employees gone?
Immigration is a little talked about subject, but over the last administration, legal immigration was contracted pre pandemic. This is on top of 40 years of illegal immigration being a hot political topic and specifically the last 10 years of state level enforcement creating worker shortages.<p>But you combine that with<p>1. Baby Boomers retirement surge was forelorned prior to the pandemic, and accelerating at the beginning of the pandemic.<p>2. Boomers, GenX, and Millennials were culturally trained to a 2 child policy for environmentalism.<p>3. Pandemic job shifts for logistics for technology (Amazon warehouse)<p>4. Over Stem and glorification of college prep.<p>If we want to look at this globally, Japan is an example of how a decreasing population decreases economic growth; but China is appearing to be the most policy active; they had 1 child policy, then they were let&#x27;s up it to 2, and now they&#x27;re really afraid and wanting more than 2.<p>The US government would more effectively fight worker shortages, wage inflation if it increased legal unskilled immigration - to target a higher unemployment rate rather than have the fed control it with the money supply. That is until we work on policy to keep the birth rate closer to &gt;2.0