Saturday, September 18, 2010

Labor Shortage Sham

The idea of a labor shortage is getting media buzz again. Companies claim they can't find workers with the skills willing to do the job. The Journal Sentinel pushes this mythology at least once a year. Another excuse why we need to cut corporate taxes and subsidize business operations.

In reality, this is simple supply-and-demand economics. People don't want to work at grueling jobs for low pay, minuscule benefits, and without a retirement plan. If these jobs were paying living wages and had some sense of security people would be lined up around the block for the positions.

So, if they want to end the labor shortage...increase the wages.

For Further Reading:
The Great Labor Shortage Lie
Is A Great Labor Shortage Coming?
It's About Job Shortage, Not Skills Mismatch
The Labor Shortage Myth
Labor Shortages: Myth & Reality
The Myth of Structural Unemployment
The Myth of The Coming Labor Shortage
The Skills Crisis & Job Training
The Skills Myth
What Labor Shortage?

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