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The Guardian - US

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Robert Reich

There is no US labor shortage. That’s a myth

Jerome Powell Economy

SWEDEN-CENTRAL-BANK-SYMPOSIUM<br>Jerome Powell, Chair of the Board of Governors of the Federal Reserve, attends a Central Bank Symposium at the Grand Hotel in Stockholm, Sweden on January 10, 2023. - Senior central bank officials and prominent academics participated in four panels that address central bank independence from various angles climate, payments, mandates and global policy coordination. (Photo by Claudio BRESCIANI / TT News Agency / AFP) / Sweden OUT (Photo by CLAUDIO BRESCIANI/TT News Agency/AFP via Getty Images) — ‘If we want more people to take jobs and we wish to live in a decent society, the answer is to pay people more.’ Photograph: Claudio Bresciani/TT News Agency/AFP/Getty Images

When a public problem is wrongly described, the solutions posed often turn out to be irrelevant or inhumane.

A current example: America’s so-called “labor shortage”.

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