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That isn't what a shortage is in economics: https://en.wikipedia.org/wiki/Shortage https://en.wikipedia.org/wiki/Shortage It is only a shortage if something is
by cortesoft 5y ago
That isn't what a shortage is in economics: https://en.wikipedia.org/wiki/Shortage https://en.wikipedia.org/wiki/Shortage
It is only a shortage if something is preventing the price from adjusting (like anti price gouging laws or price caps). That is not the case for labor. There is labor available if they pay more, and nothing is preventing them from paying more.