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This is exactly right. The notion of "labor shortages" is a farce. It is rhetoric used to bully politicians into making policy decisions that keep wages/salarie
by beebmam 9y ago
This is exactly right. The notion of "labor shortages" is a farce. It is rhetoric used to bully politicians into making policy decisions that keep wages/salaries low.
There is no such thing as a labor shortage in a labor market.
- coralreef 9y agoWhat about highly specific technical roles for which there are few paths to fulfilling? Wouldn't that qualify as a shortage in labour supply?
- rhizome 9y agoPeople will acquire those skills if there are positions and pay for them. Employers simply don't like a demand surplus on labor.
- deleted 9y ago[deleted]
- frgtpsswrdlame 9y agoYes, in the short term. That's actually the original goal of the H1B program, to address immediate labor shortages in fields where the time it takes to become fully trained is very long (PhDs and the like.) In the long term the problem solves itself with things like high salaries for statisticians, actuaries, programmers and so on.
- notadoc 9y agoThe only true 'labor shortage' is when very high skilled positions are not being filled because there is literally nobody qualified to fill them. That is exceptionally rare, it usually only applies to doctors, surgeons, etc.