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15min chapter
What labor shortage? (with Heidi Shierholz)
Pitchfork Economics with Nick Hanauer
Labor Shortages versus Wage Shortages
This chapter discusses the concept of labor shortage versus wage shortage, highlighting how employers claiming a labor shortage may actually be experiencing a wage shortage. It emphasizes that raising wages in the restaurant and hospitality industries allowed businesses to attract workers and fill their labor shortages, contradicting the notion that these shortages are slowing things down. The chapter also addresses the state of the labor market and the high number of workers earning low wages.
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