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What it says is that Walmart's wages aren't high enough. A so-called labor shortage is really just a failure of the employer to recognize the market-clearing p
by T-hawk 9y ago
What it says is that Walmart's wages aren't high enough.
A so-called labor shortage is really just a failure of the employer to recognize the market-clearing price for labor. Demand exceeding supply means that the price should rise. If Walmart were to pay $20/hour, I bet they'd have no problem finding as many workers as they need.
- maxerickson 9y agoSure, but needing to increase wages to hire is something you'd expect in a "tight" labor environment, the environment pointed to by employment statistics. That the statistics don't measure other economic factors seems to be incredibly frustrating to some people that are convinced that labor statistics should measure things other than labor though.