To fix the labour shortage, I point to wages.
This even makes sense in context of the article, my wife doesn’t work because it makes no sense to go to work and dump all the money she’d make into child care.
Work evenings. My wife did that when our kids were really young.
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And universal healthcare.
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It’s honestly baffling to me that big business isn’t making a major push for universal healthcare so they don’t have to worry about health plans anymore.
Then they would lose a competitive advantage over small businesses.
Bigger the company = easier it is to have this settled. If you have this settled you can attract and retain talent that smaller companies can’t. Besides, you can just take it out of their salaries.
What do you expect economists to suggest?
…why does the U.S. need more workers in the first place? With real wages being largely stagnant over the last four decades, who is producing what for whom?
The US, like most other developed countries, needs a constant influx of workers because the population is getting older on average. Boomers will soon be completely out of the labor market, and the smaller, younger generations will not be able to sustain the economy and society without extra hands.
Good. Sustaining an economy that exploits and disenfranchises the majority, or even a significant minority, is indefensible.
Good summary.
It’s times like this that I just want to stare at the Statue of Liberty in New York harbor, and just contemplate what kind of policy changes could possibly solve our upcoming labor shortage?
If only Lady Liberty could speak, she might have some ideas. I guess I will never know.
/s
Edit: I’m also a big fan of higher wages. And I suspect US immigration levels won’t bounce back quite as high with a ploicy change, after years of racism in our news. We’re going to feel that consequence pretty strongly, I suspect.
It’s mainly because of the infinite growth paradigm outpacing the rate of population growth. If only investors had realistic goals, we could avoid all this.
That we rationalized taking away children, in their most important phase of development, from the most important entity for this phase, is the prime example for how we failed as the mankind.
Economists are full of shit and suck banker bailout tits.
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What labour shortage? I thought Bidens been praising low unemployment.
