4 ms·
> There is no labor shortage, just a shortage of people willing to work for poverty wages. The U6 indicates there is increasingly a labor shortgage. It's hover
by adventured 4y ago
> There is no labor shortage, just a shortage of people willing to work for poverty wages.
The U6 indicates there is increasingly a labor shortgage. It's hovering around 6.5-6.6%. That's lower than the hot economy of the 1990s and it's lower than the rate achieved just prior to the pandemic. That general level has been reached only a few times in decades and only briefly.