“Many employers are alarmed about the current labor shortage — the phenomenon of a labor market with more job openings than unemployed workers. There are two supposed problems, they allege. First, that the labor shortage is caused by government benefits that discourage work. And second, that the shortage will harm the economy.
Both claims are wrong. With the latter, the opposite is likely to be true: The labor scarcity we’re experiencing is real. But this is an opportunity, not a crisis…” Check out Blueprint Labs Co-Director David Autor’s latest opinion piece for The New York Times.