My wife retired early because of Covid. She was working for insurance benefits

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Jan 26, 2022
10:55:25am

Nat Gas Man Intervention Needed

My wife retired early because of Covid. She was working for insurance benefits

The other thing is the whole FIRE movement. Lots of 30-40 something’s that saved all their income and invested it. Left the workforce. Now the question they all have to answer is did they leave too soon. Will the 4% rule stay in place? I say no and would have looked at 3% instead but I thought the market was over priced

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Nat Gas Man

Previous username: TXSmith
Bio page: Nat Gas Man
Joined: Apr 28, 2010
Last login: Aug 23, 2023
Total posts: 53,749 (638 FO)

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Messages

Author

Time

What is causing this labor shortage, anyway? Lazy millennials? People living

Nikomedes

1/26/22 8:40am

Leaving, thus opening up opportunities for ungrateful youngsters.

1/26/22 8:44am

Did Josh Furlong write that article?

ugo1st

1/26/22 9:28am

Labor shortage is OK. I just read a book or memorize my Biblical Hebrew

Genghis Spreads

1/26/22 8:44am

Yeah, me too.

RSL

1/26/22 8:53am

Combo of retirement and a group of 20 somethings living off the government and parents

CSoul

1/26/22 8:44am

It really seems like more living off parents than off the government, IMO

fattycoug

1/26/22 8:46am

Yes I think so, but it's a combo. You need both to create the extent of the issue we have now.

CSoul

1/26/22 8:53am

Living of parents, govt, and home equity loans. Parents have a lot more equity

johnnybyu

1/26/22 9:06am

I can't entirely blame them. Most younger millennials and 20 somethings...

Shore10

1/26/22 9:50am

Giving out all that COVID money was such a waste. Caused inflation, labor shorts

runnincoug

1/26/22 9:13am

Just had this conversation yesterday. COVID forced out some of the work force

pink22

1/26/22 8:44am

The labor shortage is on the lower end of the spectrum fast food and restaurants

BYU Grounds

1/26/22 8:51am

Retirement, child care (or lack of), leveling up jobs (blue to white collar)

Dataguy

1/26/22 8:52am

With boomers retiring and lazy millennials gen-x has to do all the work.

DrYfire

1/26/22 8:53am

I think blaming millenials is silly. They're in their 30's. If you really want

fbguru

1/26/22 8:58am

Many are almost 40

spugeddy24

1/26/22 9:04am

Apparently they never taught their kids how to work.

1/26/22 10:18am

I'm sure some did and some didn't.

spugeddy24

1/26/22 10:28am

Many are in their 30's and still living with their mom.

DrYfire

1/26/22 12:34pm

It’s strange that you don’t see corporations talk about the number of workers who quit due to vaccine mandates.

CrimWalCoug

1/26/22 9:00am

The "retirement boom" has been anticipated for years. My company has been

shoganai

1/26/22 9:01am

Seems COVID accelerated the retirement wave.

ReyOso

1/26/22 9:01am

I think yes and no. Prior to 2020 retirements had been slower than expected and

shoganai

1/26/22 9:06am

Fortunately we have been able to automate a lot over the last 10 years or we’d

AF Cougar

1/26/22 11:27am

Seems like the most effected sector is the blue collar, fast food, service

kotacoug

1/26/22 9:01am

I agree, we need more illegal immigrants.

chago04

1/26/22 9:19am

Why not legal?

CrimWalCoug

1/26/22 9:28am

If we could fix the immigration system in time to bring relief, all for it.

chago04

1/26/22 10:04am

Or just more work visas. They shouldn't have to immigrate to come here and work.

DrYfire

1/26/22 12:31pm

RE: Or just more work visas. They shouldn't have to immigrate to come here and

chago04

1/26/22 12:37pm

"Visas from Central America often take 2-10 years" <--- That's the problem

DrYfire

1/26/22 12:45pm

It’s all the above.

JollyGreenGiant

1/26/22 9:02am

It’s very real. Had at least 5 60+ year olds in my office retire during the past

hansel

1/26/22 9:08am

That may be the case. But how many 60+ year olds are working in fast food, manufacturing plants, and blue collar jobs?

CrimWalCoug

1/26/22 9:17am

They retired and the fast food workers took their jobs. Now there’s a shortage

BYUCLA

1/26/22 9:36am

Exactly, shortages at the top get filled quickly but then lead to shortages further down the wage scale

spinner

1/26/22 9:41am

So all these fast food workers got promoted in fast food because the fast food executives retired early?

CrimWalCoug

1/26/22 9:57am

I think you’re actually trying to not understand

spinner

1/26/22 10:01am

It’s like insinuating oil and gas workers can just go get programming jobs if we rely on green energy.

CrimWalCoug

1/26/22 10:14am

you really are trying to not understand, aren’t you?

spinner

1/26/22 10:21am

Fast food workers took the jobs of people with 40 years of experience?

CrimWalCoug

1/26/22 9:53am

People move up the chain

spinner

1/26/22 9:58am

You should talk with some businesses who need labor and ask them why labor is needed and where their labor went.

CrimWalCoug

1/26/22 10:01am

RE: You should talk with some businesses who need labor and ask them why labor is needed and where their labor went.

spinner

1/26/22 10:02am

This. My freshman daughter is already a student manager because of the shortage

runnincoug

1/26/22 10:15am

There's a lot of complaining by companies that they have to pay 1990s wages

Mitty

1/26/22 9:16am

If I were 10 years older I would have retired

Styro

1/26/22 9:21am

There are many factors...

Shore10

1/26/22 9:47am

My wife retired early because of Covid. She was working for insurance benefits

Nat Gas Man

1/26/22 10:55am

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