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OccultHawk · 07-25-2020, 09:31 AM

Quote:

We don’t have a labor shortage in America. We have instead businesses who are unwilling or unable to pay market wages for the workers they want. To be clear, I’m an economist who respects markets, so am not saddened to see these businesses fail. A business that cannot muster a business plan that enables it to hire the workers it needs should relinquish those workers, capital and industry to business who can do so. The technical word for this is economic growth.

What does sadden me is that instead of paying market wages, far too many businesses turn to the government for help. The most egregious abuse are the pressures on schools, workforce development and community college officials to push young people into occupations where wages are lower than they were a generation ago. It is time for businesses and state government alike to re-educate themselves on one of the fundamental aspects of labor markets; like businesses, workers also have a choice. Amazon has clearly figured that out.

IndyStar