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The demand for workers at current market wages is greater than the number of workers willing to work at those wages. That is the economic definition of a shorta
by rufus_foreman 3y ago
The demand for workers at current market wages is greater than the number of workers willing to work at those wages. That is the economic definition of a shortage.
One way to get rid of the shortage would be for employers to pay more. Another way would be to reduce demand for workers by raising interest rates.