The Dichotomy Of The American Labor Market

If you were to listen to news reports, you would find what seems to be conflicting stories regarding American workers. There is a labor shortage and high unemployment. Workers are quitting their jobs in record numbers and others are unable to find a job. What gives?

During the Covid shutdowns, American workers were divided into two groups…those who could work from home and those that could not. This accelerated the trend of a two-employment economy which was already underway. There was very little disruption in income for those who could continue to work…