The Costly but Deliberate U.S. Labor Shortage
For more than a year, due mainly to liberal policies associated with Covid-phobia and lockdowns, the U.S. has experienced various types and magnitudes of labor shortages. In short, the quantity of labor demanded by would-be employers has exceeded quantities supplied by would-be employees, especially in the service sector. The phenomenon is neither accidental nor temporary. Joblessness has been both mandated (by shutdowns of “nonessential” businesses) and subsidized (with lucrative and extended “jobless benefits”), which makes it difficult for many businesses to attract and hire labor of sufficient quantity, quality, reliability, and affordability.
Oct 4, 2021
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