Job Openings Surge to 10 Million: The Current State of Jobs & Its Role in Market Volatility
Crashes And Taxes Podcast · Rebecca Walser
Audio is streamed directly from the publisher (traffic.libsyn.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
As of August 2021, one of the biggest factors driving market volatility is the lack of people in the workforce. With 10 million job openings, and people choosing stimulus payments over work, we have to understand the impact on the broader economy.
Right now, millions of people aren't contributing to economic activity, paying payroll taxes, or contributing to the GDP, and this is a problem.
This, coinciding with the en masse retirement of the Baby Boomers, will upset the tax apple cart of America.
How are millions of job vacancies impacting our economy, and what changes can we expect with future tax policies? In this episode, I talk about how the current state of jobs is contributing to volatility.