The cost of childcare is absolutely insane. My wife is staying at home. She is looking for something part time to get some extra cash.
She got a position at a day care
Our child goes to the top of the list since she’s employed there
We do not get a discount on child care with her working there
Her monthly pay will be ~1100
Our monthly cost to put our daughter there will be $2000
It costs more for my wife to work than it would to be stay at home.
And it's mind boggling to me that there are so many great solutions that have been in use for decades in other developed countries, but the US refuses to take any cues, because that's "socialism" or whatever. It's tiresome.
Low unemployment is the logical consequence of a labor shortage.
That said, I don’t believe we’re in a labor shortage. We are experiencing the natural consequences of decades of stagnant wages and rising costs. Higher wages would pull more people into the market, but that would cut into profits so business leaders invent an imaginary “labor shortage” which requires government intervention.
There is also a problem that most of the jobs right now are unable to pay rent on their own, so some people are starting to work 2 jobs.
So whenever I hear record employment, I wonder what that statistic would be if it only counted people that worked a single job. How many people in our workforce only need one job to survive in this economy?