2 Million More Workers Than Expected Have Retired in the Great ¯\_(ツ)_/¯

Staff shortages everywhere. It’s awful. The fix is pay more but that’s not happening.

 

There had been a shortfall in expected retirements for a long time so this is probably overdue and necessary.

 

Sorry gang, but another negative to this story ==> more posts from me, @Deckard, and Os.

 

There's no way around bailing out public pensions in some capacity.

We actually have great demographics for a developed country with our vast generation of millennials and gen z, but we aren't doing well balancing the future and the past.

 

Finally. Even though the Boomers had every economic advantage and most of their working life took place under great economic conditions, their feckless lifestyles were leading them to work until they dropped making it difficult for younger generations to advance.

This criticism includes all you old sacks here in the D&D.

 

let's check US economic history.

the boomers experienced these economic hiccups / hardships during their working lifetime, from 1970s to the present

• Nixon imposed wage / price control as a means to control inflation; he also done away w the gold standard
• the phoenomenon of stagflation (inflation w no GDP growth) under Jimmy Carter
• the stock market crashed under Reagan, Black Friday, wiping out a sizeable portion of many pension plans
• under the inept W, not only bearing the brunt of the tax burden of supporting these needless / seemingly endless wars
• • Iraq war
  • Afghanistan war, but also
  • the insolvency of the US financial industry, leading to massive layoffs/ pay cuts

​

 

Old Economy Steve is a meme for a reason.

 

lol. Get a load of this guy. He actually believes the boomers had it bad. This is peak boomer.

Somebody hit him with the stats regarding housing, education, wages, degree inflation, the gains of the stock market the last 40 years....etc...

 

This is great for everyone. More jobs and higher wages for younger workers. Older workers finally get to enjoy their golden years.

In a modern world people shouldn’t need to work until 60-70 years old that’s nuts. Problem is there are always people who have zero life outside of work and continue to plague the office into their 70s.

 

These are old peeps retiring, not young peeps quitting. Stock market went up like 50% in 9 months not including the Covid blip. Bound to correct, sooner or later. Great time to cash out if you're already close to retirement age.

And boomers gatekeeping our tendies is definitely a REAL THING btw.

 

Fascinating. I’ve grown to appreciate the late Mr. Spock more as the years pass. He had a way with words. Gee whiz! (sorry, Spock) I wonder where we fit in the meme the non-Boomers are pushing here. “We” being my significant other and myself, both retired.

 

Predicted here

https://bbs.clutchfans.net/threads/predict-the-post-coronavirus-covid-19-world.304372/

 

It's actually really bad in health care right now. It's deserved, but its bad. Nurses and other health care workers who are employed by hospitals are leaving said jobs and the hospitals are having a hard time filling because they're using 2010s compensation in a COVID world.

 

Hmm. Interesting.

 

I think it's too difficult to get into nursing, and that's contributing to the shortage as well. They should make getting a BSN more accessible. My wife is currently transitioning from the business world to nursing and she has pretty much has to retake most of her undergrad courses (even things like Texas History and Art History, because they want only a very specific history class), and only then will she be able to apply to a nursing school. But nursing schools only take in so many students (especially the good ones, and those with an accelerated track) and the dropout/failure rate is pretty high.

I'm not saying that becoming a nurse should be easy, but more that I think it's harder than it needs to be.