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TopicWhy is inflation so bad right now?
ReturnOfFa
03/08/23 10:43:59 PM
#60:


SKARDAVNELNATE posted...
It's an example of people not going back to work once the economy opened up. Companies have to offer more money for people to fill those jobs. That has to be balanced out somehow and it's not going to be by decreasing their profit.
https://tinyurl.com/4vuznn9w

"The Labor Force Participation Rate in December 2022 was at 62.3% (red), down from the pre-pandemic level of 63.4% in February 2020, and up from the pandemic low of 60.1% in April 2020. (Blue is the employment population ratio).

In April 2020, 8.15 million people had left the labor force due to the pandemic. By December 2022, the labor force was about 0.5 million higher than the pre-pandemic high."

Why just say things when you can go to the effort of confirming or disproving it?

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