Hasnain says:

“Let’s entertain a third possibility. People’s valuation of their own time has changed: Americans are less eager to do low-paid, often dead-end service and hospitality work, deciding instead that more time on family, education and leisure makes for a higher standard of living, even if it means less consumption.

If the lack of enthusiasm for bad jobs lasts, does this bode ill for the U.S. economy? The answer is no — and here’s why: The U.S. doesn’t have a job quantity problem; instead, it has a job quality problem.”

Posted on 2021-09-05T00:33:36+0000