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Labor shortage is a capital euphemism for "the labor market isn't completely saturated and we are starting to have to return some of the rewards of work to the
by willcipriano 4y ago
Labor shortage is a capital euphemism for "the labor market isn't completely saturated and we are starting to have to return some of the rewards of work to the workers as opposed to the capital side". Personally I wouldn't allow any low skill immigration (happy to import lower priced doctors, etc in areas where costs have gone insane) until the standard of living for the poor increases to a more reasonable level, it has shifted to be far more in favor of capitol over the past 50 years or so.
In before the lump of labor folks wake up, low immigration can't simutainously explain why inflation is high (due to high wages) and also not cause lower wages when you increase it.
Edit: made more clear, added context
- nonethewiser 4y agoIt's not so slanted. It just means jobs arent filled. It could be lack of able workers. It could be lack of pay. It could be lack of product market fit. Probably some combination of all. You're reading the rest in.
- bombcar 4y agoThere were labor shortages to work the oil sands which is how you ended up with people making $30-40 hr to work McDonald’s (because if they didn’t pay that high the employees would go work the sands).
- deleted 4y ago[deleted]