There Is No Labor Shortage (At Least, Not the Way You Think)

Businesses across the country are struggling to open back up because they just can’t find people to hire. Meanwhile, more Americans quit in May than any other month this century. 

Here’s the hard truth: There isn’t a labor shortage. The workforce didn’t collectively decide to become lazy or suddenly develop the means to take a (much-needed) mental health break. Would-be workers are simply doing a rational cost-benefit analysis, and the result says to work someplace else. 

We default to blaming employers for not paying enough, but like most things in our complex world, higher wages aren’t a silver bullet.

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