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In reply to the discussion: World population reaches 8 billion [View all]progree
(10,904 posts)Last edited Sat Nov 19, 2022, 12:43 AM - Edit history (1)
They are cutting and re-cutting and cutting some more bus service. Due to a severe shortage of drivers. I had my main go-to route ELIMINATED on October 15. The other route, running only during narrow commute hours, will be cut from 9 trips each way to 6 trips each way in early December.
On top of the schedule cuts, they are also having a lot of same-day cancellations. Making it very seriously unreliable.
I fear that the labor shortage in certain occupations will be a continuing problem. There have been warnings, starting back decades ago, about the labor force growth rate falling to a snail's pace, and it's happening and projected only to get worse.
I know it's not very "progressive" to say this, but the labor force participation rate has been dwindling from a high point of about 67.3% in 2000 to 62.2% now. (It was 62.2% in January, so there hasn't been any progress in that all year).
Meanwhile the population of elderly (such as me) needing more and more service (me not yet but soon) grows.
Labor force participation rate: http://data.bls.gov/timeseries/LNS11300000
Labor force in thousands: http://data.bls.gov/timeseries/LNS11000000
Edit: corrected the link for Labor Force Participation Rate