View Full Version : Labor shortages?

03-23-2012, 08:21 AM
You see these predictions every now and then. I don't think there's been a sustained labor shortage in any society anywhere, ever. There was one in the US South before the Civil War that required slavery to fill. It was waning by the time the war was over. We had one in the US for about a year or two during the dotcom bubble. Japan had one for a while, but interestingly it's also starting to wane right about the time when aging population demographics is setting in.

Are there ever really labor shortages? I think there's a shortage of workers who will do physically demanding work for subminimum wage. That's something different, though.


We are entering into an age where we will praise companies for destroying jobs, not creating them.

The change in thinking we’re going to undergo is shifting from a mindset of “we don’t have enough jobs for our citizens” to “we don’t have enough citizens for the amount of work we want to do.”