Nobody works anymore. Seriously. As a result of the pandemic, the labor force (% of Americans that are fit to work) took a big hit; a large reason for this was early retirement. The Fed recently published research showing that the retired share of the U.S. population was nearly 1½ percentage points above its pre-pandemic level, and additionally this accounted for nearly all of the decrease in the labor force. TL;DR for those of us who are not finance bros: nearly 2 million extra people retire...