4 ms·
> It's fair to call that a labor shortage in the transition period. I don't know about fair, but I find it misleading. When I hear "labor shortage", my intuiti
by hiq 4y ago
> It's fair to call that a labor shortage in the transition period.
I don't know about fair, but I find it misleading. When I hear "labor shortage", my intuition is that just having more people around (Advertise job offers better? Give more work permits?) would solve it, not that the market is such that this type of work doesn't make financial sense anymore.
"Labor shortage" sounds like some macroeconomic temporary situation to which businesses shouldn't need to adapt to beyond temporary measures, while what you're describing seems like a failure from a business to adapt to a new stable situation.