Yes, this is a kind of insidious framings that Economics makes. By choosing which is the X vs the Y axis, it creates an implied causality [0]. An alternative wa

Yes, this is a kind of insidious framings that Economics makes. By choosing which is the X vs the Y axis, it creates an implied causality [0]. An alternative way of looking at the same situation is that employers are not willing to pay enough for labor. By framing it as a shortage of labor rather than a shorting of those looking to pay for labor, the employers hope to encourage more labor to flood the market [1] and lower prices further. This is a continuation of how we've gotten to the current predicament with most jobs being de-skilled commodities that don't pay enough to support their workers. [0] another insidious framing is that by assuming instantaneous response, this downplays the importance of causality. But in the real world markets are not supercomputational. [1] both private individuals choosing an educational path, and by government policy