Probably because pandemic vs financial system collapse induced recessions have fundamental differences? Would love to see more research on this later
Every one is dead or hospitalised, but good news everyone, we have more jobs than workers!
What one should remember with the current situation, we are not only in the midst of a pandemic, we are also at the start of the peak of a large retirement surge due to boomers reaching the end of their work life. The cohorts of young people that enter the workforce are far smaller than those exiting it. iE Austria has seen a sharp decline in unemployment while also the number of people in employment droped for the first time in decades. The unemployment rate did not decline because there were more jobs, it declined because about 100.000 more people retired than reached working age.
With or without pandemic most of western Europe is aproaching a serious workforce shortage. What we have seen in the UK the past year, catalyzed by Brexit is just the beginning of a serious problem for large parts of the continent.
Employment, the only relevant number there needed only until 2015
We’ll see what happens if relentless money printing from Frankfurt stops.
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A reminder that policy matters a great deal. Austerity was a historic mistake.
[Source](https://ec.europa.eu/eurostat/web/products-eurostat-news/-/ddn-20220113-2).
Money printer goes brrr, no need for recession 😂
Probably because pandemic vs financial system collapse induced recessions have fundamental differences? Would love to see more research on this later
Every one is dead or hospitalised, but good news everyone, we have more jobs than workers!
What one should remember with the current situation, we are not only in the midst of a pandemic, we are also at the start of the peak of a large retirement surge due to boomers reaching the end of their work life. The cohorts of young people that enter the workforce are far smaller than those exiting it. iE Austria has seen a sharp decline in unemployment while also the number of people in employment droped for the first time in decades. The unemployment rate did not decline because there were more jobs, it declined because about 100.000 more people retired than reached working age.
With or without pandemic most of western Europe is aproaching a serious workforce shortage. What we have seen in the UK the past year, catalyzed by Brexit is just the beginning of a serious problem for large parts of the continent.
Employment, the only relevant number there needed only until 2015
We’ll see what happens if relentless money printing from Frankfurt stops.