> Ketchum is facing a cascading housing crisis caused by a rush of new residents during the Covid-19 pandemic, growing demand for workers during the economic boom that has followed
> the economic boom that has followed
Is this what we're calling it?
> the economic boom that has followed
Is this what we're calling it?
Q1 2021 - 6.4% growth [0]
Q2 2021 - 7.8% growth [1]
[0] https://www.statista.com/statistics/188185/percent-change-fr...
Specifically, "The nation's gross domestic product totals trillions of dollars. Most often, the number you'll hear people refer to as "GDP" is a percentage. That's the rate of change in real GDP from the previous quarter or year. "Real" or "chained" GDP numbers have been adjusted to remove the effects of inflation over time, so different periods can be compared."
[0] https://www.bea.gov/resources/learning-center/what-to-know-g...
Never mind that they're underpaying... or that we lost half a million people in the labor force...
This is not true, unless you're considering all ages in the labor force. Stats from this page[0] seem to indicate that COVID-related deaths are <120k for people under age 65. That's quite a bit less than "half a million people" in the labor force. (Assuming, like I am that people tend to retire at 65.)
[0]: https://www.statista.com/statistics/1191568/reported-deaths-...
I haven’t looked up the change in labor force stats myself, but they’re not simply the total number of living people in a certain age bracket. There are plenty of people between 18-65 who aren’t part of the labor force: i.e: disabled, retired, stay-at-home, incarcerated, etc.
Instead : capacity gets curtailed, prices are raised, and what people can afford goes down.
It may come as a surprise to people in large cities, but the vast majority of the country (geographically) was pretty much business as usual from summer 2020 onward.