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“There is no shortage of American minds and hands to grow our labor force" - amazing that you can get people to believe that. There is a massive shortage of lab
by jeffbee 9mo ago
“There is no shortage of American minds and hands to grow our labor force" - amazing that you can get people to believe that. There is a massive shortage of labor and the labor force participation rate is already dangerously high.
- daymanstep 9mo agoThere is no labor shortage. Look at layoffs and job openings - lowest since 2020.
- jeffbee 9mo agoYes, Trump is also successfully destroying the demand side of the labor economy at the same time. Is that what his supporters imagined that sentence means? It is nevertheless the case that the prime-age labor force participation rate is bouncing off 85% and getting it any higher than that is impossible.
- gadders 9mo agoLOL. There is no labour shortage. There is only a shortage at a particular price point. If there is such a labour shortage, what explains the layoffs?