3 ms·
If you're wealthier but your standard of living is dropping that can point to many things, but one big one is a labor shortage.
by spamizbad 3y ago
If you're wealthier but your standard of living is dropping that can point to many things, but one big one is a labor shortage.
- ldjkfkdsjnv 3y agoTheres no labor shortage, companies have been reaping record profits and not paying it out to employees. Thats why the standard of living is dropping. Its basic economics
- vkou 3y agoUnemployment is at historic lows.
- ldjkfkdsjnv 3y agoUnemployment at historic lows, cost of living at all time highs. Something isnt adding up
- vkou 3y ago1. Rent-seekers are sucking up all the productive surplus out of the economy, raising the cost of a lot of things. 2. People doing work vital for society got raises, which was made possible by bargaining power that they gained from low unemployment. This, naturally, results in higher prices for anything that their labour produces. 3. Shortages. None of these are the fault of the immigrant boogieman.
- networkchad 3y ago[dead]
- gosub100 3y agothey have to create a shortage in order to get H1b labor. So they refuse to negotiate on salary and complain to their lawmakers that they had these openings posted for X months and only filled Y% of them! we just can't find talent!