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Economic inactivity post-COVID is a real puzzle that the BBC has been tracking for a while (e.g. https://www.bbc.co.uk/news/business-60039923). I haven't seen any good data on how to balance the various explanations:
- Long COVID so can't work
- No childcare so can't work (not available / not breaking even on wages)
- Too rich to work (from crypto / property / PPE / CBILS fraud)
- Real wages too low to bother (a variant of 2&3)
- Decided to stay in education / go into education
- Lost job / furloughed during COVID then became discouraged (seems unlikely given economic imperatives)
- Long COVID so can't work
NickCJ
Soul
Interesting angle on one of the causes of inflation in the UK right now