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Economy
Where Did All The People Go?
2021-09-17
[Intel Hub] Why are companies all over the world suddenly desperate for workers? In my entire life I have never seen anything like this. When the labor shortage started in the United States, a lot of people blamed overly generous government handouts, but that doesn’t explain why the exact same thing is happening in nation after nation all over the globe. There aren’t enough factory workers, there aren’t enough truck drivers, there aren’t enough port workers, there aren’t enough employees to properly staff our stores, and the shortage of doctors and nurses is becoming a major crisis in some areas. During normal times, we were always told that the global economy was not producing nearly enough jobs for everyone, but now for the very first time we are facing an enormous worldwide labor shortage. It is almost as if millions upon millions of people suddenly disappeared from the system.
Posted by:Besoeker

#4  Well, as good as Hayek and Friedman were, I think Buckley's "rather be ruled by the first 100 names in the Boston phone book" principle is still sound.
Posted by: M. Murcek   2021-09-17 10:16  

#3  /\ ...the people at the top don't understand the intricacies of a market system

So much for 'top men.'
Posted by: Besoeker   2021-09-17 10:13  

#2  Cause the people at the top don't understand the intricacies of a market system anymore than a child understands what it takes to flip a switch and the light goes on. They make decisions that have catastrophic effect on that system and then think it can be turned on by a simple decree. How long did it take Europe to recover from WW2 because when you shut down a system as big as our economies, that is what its going to take to 'put things back together'. At least we have the advantage of most of the infrastructure being intact.
Posted by: Procopius2k   2021-09-17 10:10  

#1  These are the Top Industrial Automation Companies in Israel (2021)
Posted by: g(r)omgoru   2021-09-17 08:18  

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