The Decline Of The American Work Ethic Will Exacerbate The Recession
Americans have clearly gotten used to not working and have chosen to live off the pandemic welfare that remains rather than return to the workforce.
thefederalist.com
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There are still over 500,000 fewer people working today than before the pandemic despite the V-shaped recovery Biden inherited from President Trump.
Yet, employers are desperate to hire. There are 11.3 million unfilled jobs nationwide. That’s nearly 2 jobs for every unemployed person. This obviously raises the question: why are fewer people working than was the case pre-pandemic?
Well, the answer is equally obvious. Not enough Americans are willing to work. The labor force participation rate remains well below its pre-pandemic standard. In fact, were labor participation today the same as when the pandemic began, the unemployment rate would be 5.5 percent. It’s only 3.6 percent because fewer people are working or actively looking for work."
The article goes on to detail the various forms of the "dole" that were introduced during the Pandemic and still remain.
When I was growing up there was a guy in the neighborhood who was chronically unemployed and he was a pariah, even though he seemed to be a good guy otherwise.
Now, I suspect people would admire him for being able to get by without having to work.
