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neil its not just people retired it may not be coming back but it could be that a caregiver has to stay home if school hasnt been steady hasnt gotten back to the point where somebody can say okay i can actually go back into the workforce yes yeah because i can count on having child support in child care you know it we shouldnt forget that in september of last year women left the workforce at four times the rate of men and so those bottlenecks and child care are still there and i i do think we need to kind of rephrase um how were thinking about supply and demand to pick up on kates point earlier what we see is job openings and we see hires but there are 10 to 15 steps in between between a job posting and a higher and at each step along that way theres a bottleneck and there is a huge logistics problem underway in the labor market when i was at the cftc we studied the market microstructure of the financial markets in infinitum we were very detailed but no one really has that appro
