Navigating 'Kaboomflation': The Labor Market and Economic Recovery

This chapter examines the complex state of the current economy, marked by low unemployment rates and a significant labor force absence linked to pandemic challenges. It introduces the term 'kaboomflation' to describe simultaneous economic growth and inflation, while discussing the ongoing labor shortage and the impacts of the Great Resignation on job participation. The conversation highlights the mental strains on workers and the shifting landscape of career choices as individuals seek more autonomy in their professional lives.