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Labor "shortage"? In a free market, wouldn't the price of labor, i.e. wages, rise to meet demand?
by everybodyknows 4mo ago
Labor "shortage"? In a free market, wouldn't the price of labor, i.e. wages, rise to meet demand?
- simianwords 4mo agoIt’s not going to be instant. Just like we have housing shortages or unemployment.
- vanuatu 4mo agoYeah, a shortage implies that the price of labor rises a lot Not unimaginable, given that the bottlenecks seem to be concentrating on high-level direction, relational work, and expert verification