Is America Facing a Labor Shortage?
“Across the country, there are more jobs available than there are workers looking for them, as the unemployment rate has dropped to a nearly two-decade low. Businesses are complaining of worker shortages, arguing they could do more and sell more and build more if they could just find the labor. Yet wages remain strikingly flat, with much of the raises that workers are making getting eaten up by inflation. Employees still somehow lack the power to cajole businesses into paying them more, nearly a decade into the recovery.”