I don't understand the current economic situation. The savings rate is at a long-time low. Something like 30% of Americans failed to pay mortgage or rent in June, inflation is signficantly increasing the real cost of living, yet 90% of advertised jobs are going unfilled! It's like every metric of worker survivability is declining, yet they still refuse to work! What the heck? As an employer I have run many ads for workers and the resumes I get are either non-existent or they just keep getting worse. I thought the applicants I got last year were bad, but the paltry few I get now are just pathetic, and I offer very high salaries, like \$120k+ benefits for semi-skilled labor. I hear that unskilled jobs pay only $20 per hour and it is unfathomable to me how they get even a single high quality applicant with pay like that. In fact, a lot of the clerks I have been seeing in stores recently are people with obvious personal issues.
A year ago I know there were all these federal payments and unemployment compensation extensions that were supposedly allowing US workers to sit home and entertain themselves, but my understanding is that these handouts have more or less ended. And anyway how far can \$3,000 go anyway? I mean you can't survive for months and months on a couple of \$3,000 checks.
I have heard rumors that the new mentality is 'don't work, just go live in your parent's basement'. So, I guess according to this theory workers are just "slumming it" and trying to figure out how to get by on the absolute minimum, to hell with standard of living. So, that is one possible explanation.
So, from an economic theory perspective (I am not an economist) what is the explanation for this phenomenon of the vanishing American worker?