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by kojacklives 123 days ago
This data supports my viewpoint just as well. Older workers are taking the lower effort higher reward jobs that Americans are healthy enough and happy enough to do. If we go by salaries a bunch of CEOs retiring would be a massive blow to salaries and propping up the US economy. CEO are paid by what the best CEO is worth as no one wants to believe they hire dud CEOs.

There's no explanation to me as to why this years attrition from the labor force is much more meaningful than any other years, but there is a notable loss instead of gain of millions of workers willing and able to do any job instead of any convenient job.

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Do sardines cause sharks or do sharks cause sardines? In what sense is the preference for the theory that sardines growth causes shark population growth a lump of labor fallacy?