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Very low unemployment (aka labor shortage) is bad for business owners, not capitalism. There is a difference. Capitalism is a system that everyone plays a role
by jlawson 3y ago
Very low unemployment (aka labor shortage) is bad for business owners, not capitalism. There is a difference. Capitalism is a system that everyone plays a role in in benefits from; it's not a group of people.
One could consider labor shortage good and healthy for capitalism itself, since it increases worker wages and thus builds political support for the capitalist system.
- pyuser583 3y agoMy favorite shake restraint has a sign on the door that says, “due to labor shortages, this location is closed until further notice.” I’m not happy about that.
- nradov 3y agoThere is no shortage of workers who can make shakes. Don't believe every sign you see.
- pyuser583 3y agoI doubt that … I live in a university town. Tons of non-employed students who love shakes.
- leshow 3y agoIt's not a labor shortage, it's a wage shortage.
- pyuser583 3y agoNot all labor shortages are due to low wages. Like I said in another comment, I live in a university town that has tons of non-employed students. Who drink shakes. Customer service positions are a pain to fill. At any price. Many students are on foreign visas. Others devote their time and effort to internships. “Working at shake shop” doesn’t look good on resumes. Life isn’t just about wages, and low prestige jobs are under filled just as high prestige jobs are over filled.