3 ms·
>the conversation is always framed as a shortage of labor as opposed to a market unwilling to raise wages to attract qualified candidates. I had sorta thought
by eli_gottlieb 6y ago
>the conversation is always framed as a shortage of labor as opposed to a market unwilling to raise wages to attract qualified candidates.
I had sorta thought it was Microecon 101 that these two things are mathematically equivalent. If the labor market doesn't clear due to a "shortage", you're either in the immediate aftermath of a war, or you need to raise wages.