So yeah, the nuance to my comment is that the first things you list are important for social reasons - keeping your same position in the face of these additional burdens. I admit that my above comment is addressing the social problem purely through economic means (if an employer doesn't engage with your needs, walk away and find a new employer when you're available again). Unfortunately what we're offered in the US is mainly this economic lens, both policy and politically.
I don't know that I agree with the specific optimism in your last paragraph. Apart from the basic death toll, I think most of what is driving the "labor shortage" is people knocked out of situations where they were barely treading water, and retreating to lower rent areas and living with family. So wages will only rise enough to get people moving back onto the rent treadmill, and won't necessarily give away surplus wealth to increase their bargaining power. I'd love love to be wrong about this, of course.
IMO what is really needed to fix the economy is for the government to stop feeding the asset bubbles (aka giveaway to the upper class) through this ongoing combination of ZIRP plus austerity. Raising interest rates would lower asset prices, making home ownership more obtainable (despite the short term pain). And government-spent stimulus will cause distributed price inflation that will hopefully make the Fed raise rates, as opposed to the past few decades of runaway asset-only inflation that they've been able to conveniently ignore.
I don't know that I agree with the specific optimism in your last paragraph. Apart from the basic death toll, I think most of what is driving the "labor shortage" is people knocked out of situations where they were barely treading water, and retreating to lower rent areas and living with family. So wages will only rise enough to get people moving back onto the rent treadmill, and won't necessarily give away surplus wealth to increase their bargaining power. I'd love love to be wrong about this, of course.
IMO what is really needed to fix the economy is for the government to stop feeding the asset bubbles (aka giveaway to the upper class) through this ongoing combination of ZIRP plus austerity. Raising interest rates would lower asset prices, making home ownership more obtainable (despite the short term pain). And government-spent stimulus will cause distributed price inflation that will hopefully make the Fed raise rates, as opposed to the past few decades of runaway asset-only inflation that they've been able to conveniently ignore.