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Antiwork - 'Antiwork' movement may be long-run risk to labor force participation: Goldman Sachs

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yahoo!finance 'Antiwork' movement may be long-run risk to labor force participation: Goldman Sachs Brian Cheung · Reporter Mon, November 15, 2021, 8:54 AM · 3 min read About 5 million Americans have exited the labor force since the pandemic began. Goldman Sachs estimates that about 3.4 million are likely gone for good due to retirements, meaning that 1.7 million people are open to returning to work. But Goldman said in a note on Nov. 11 that there is a "long-run risk" to labor force participation: a general distaste for work. The bank's economics team pointed to the reddit thread r/Antiwork, a social media community carrying the mantra "Unemployment for all, not just the rich!" A common theme on r/Antiwork: younger workers sharing stories about being overworked and burnt out to the point of quitting. The subreddit is about a tenth the size of the WallStreetBets thread of GameStop mania fame, but Goldman points out that Antiwork now ranks above WallStreetBets in comments per day.

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