One more thing...I think large numbers of people left the workforce during and after the pandemic. Some went back to school, some took early retirement, some started their own businesses. Many were women who couldn't afford to pay for child care (during the pandemic, child care wasn't available at any price). I've heard of people paying several thousand a month for child care. You'd have to be a billionaire to have several children and still work.
Some young people moved back in with their parents. Many lost their ambition or drive. The article says, "According to a Pew Research Center survey, 92 percent of Americans say that financial stability is more important than upward mobility." In my career, there were a few people who dropped out but most were bought-in to the system, thinking that if they just worked hard enough and long enough, they would succeed and climb the corporate ladder. But for all but a few, that is a myth.