A wage shortage does not matter if people have enough money already. This is why we have inflation and low unemployment rates. People don’t need to work because

A wage shortage does not matter if people have enough money already. This is why we have inflation and low unemployment rates. People don’t need to work because overall they have had more money than they needed. This means we run out of things- everything- because everyone has enough money and the prices of everything needs to increase before people stop buying up the supply of everything. This is a side effect of influx of money put into the system by the fed and by the government. If people have enough money, they don’t need to work and stop working. Prices go up from inflation causing them to start to need money again and start working. So the labor shortage is not due to a wage shortage except in specific industries.