https://www.cnbc.com/2021/10/12/a-record-4point3-million-workers-quit-their-jobs-in-august-led-by-food-and-retail-industries.htmlNo idea how to benefit financially from this knowledge,
But this shows mass exodus from the work force 2 months ago. Their explanation was about continuing to work during a pandemic, etc., but these numbers from August are interesting. What we were all hearing at that time was "summer of re-opening" and getting back to work, etc. this reality is a far cry from that narrative.
I believe the true narrative is entirely different. People will not work at the current wage. Current salaries and fixed wages are barely covering now. Food prices, cost of labor, cost of goods, gasoline, etc., are now skyrocketing. This is a function of a devalued and ineffective dollar.
I ate at Uncle Julio's in Ft Worth Sat night. Historically a super busy hot spot at 8 pm on a Saturday (especially with TCU out of town). That restaurant never even got full. Maybe half to three quarters full. It was ominous. I think we are only starting to see the misery.
One play to consider if this continues would be to short Darden (DRI) or other big food chains. I'm always surprised to see that company's stock going up. But that restaurant chain has modified or removed some of the food offerings they historically had, so that's a consideration.