Isn't it easy to maskerade job-shortage as labor-shortage?
No.13639423 ViewReplyOriginalReport
Quoted By: >>13639426 >>13641569
An economic downturn can trigger (a) the demise of commerce or (b) employment hindrance (the latter caused by wage-decline and requirements-infaltion).
In case of (a) there will be a job-shortage; in case of (b) a labor-shortage.
Which of those seemingly opposing cases comes true, depends on if the company (a) died or layed off people or (b) hindered employment.
At the beginning of the US Covid crisis, companies reacted via mass lay-offs.
Now, during the advanced US Covid crisis mass job-shortage exists.
Could this be because re-opened jobs are much more picky and pay a much lower salary?
A great incentive for the latter way-of-conduct would be the companies anxiousness about losing face; being outed as a company with problems.
Maybe labor-shortages should be treated like job-shortages by economists because it is so easy to make the latter look like the former.
In case of (a) there will be a job-shortage; in case of (b) a labor-shortage.
Which of those seemingly opposing cases comes true, depends on if the company (a) died or layed off people or (b) hindered employment.
At the beginning of the US Covid crisis, companies reacted via mass lay-offs.
Now, during the advanced US Covid crisis mass job-shortage exists.
Could this be because re-opened jobs are much more picky and pay a much lower salary?
A great incentive for the latter way-of-conduct would be the companies anxiousness about losing face; being outed as a company with problems.
Maybe labor-shortages should be treated like job-shortages by economists because it is so easy to make the latter look like the former.