As of August 2021, one of the biggest factors driving market volatility is the lack of people in the workforce. With 10 million job openings, and people choosing stimulus payments over work, we have to understand the impact on the broader economy. 

 

Right now, millions of people aren’t contributing to economic activity, paying payroll taxes, or contributing to the GDP, and this is a problem. 

 

This, coinciding with the en masse retirement of the Baby Boomers, will upset the tax apple cart of America. 

 

How are millions of job vacancies impacting our economy, and what changes can we expect with future tax policies? In this episode, I talk about how the current state of jobs is contributing to volatility.