I also think that during Covid there were massive helicopter money (means money dropping for free from government) comming down from the sky. The USA government create massive stimulus checks. Check the website of the FED at how much money (M2) was created and you will see.

If people receive maasive stimulus checks for just staying home, they will get used to it.

Why would they come back to work and do the crappy, shitty, dirty jobs.

They will maybe come back but now they want clean jobs. And as the economy is still not in a deep recession they think I’m only going back if you pay me more.

Starbucks employees for instance are trying to get unionized. Before Covid they would not maybe dare to ask for a union. Now they want a union and the union will ask for a raise of wages that at least is equal to last year’s inflation.

So the low unemployment rate of say 5% means that people can start demanding higher wages or unions and they won’t just work for any jobs. And they got used to helicopter money.