this recession will be different, because (among other things) we will simultaneously have a labor shortage and a lot of people out of work. That’s really weird, and there’s almost no historical precedent
Labor shortage and recession. It strikes me that perhaps WWII offers a similar setting. Massive labor shortage since many men were off fighting. A recession setting by a lot of metrics from a consumer demand and supply perspective—so lots of rationing and the like.
Labor shortage and recession. It strikes me that perhaps WWII offers a similar setting. Massive labor shortage since many men were off fighting. A recession setting by a lot of metrics from a consumer demand and supply perspective—so lots of rationing and the like.
Maybe some insights from analysis of those times?