Re:The Economy That Wasn’t Supposed to Happen: Booming Jobs,...
by avmich on Saturday May 04, 2019 @12:27AM
(#19824439)
I think there could be a simple explanation. There is no "booming jobs". It's an illusion. Employers just decide that they don't mind to advertise some jobs, in hopes that a cheap labor will come and they'll "optimize" their process. In fact, if nobody will come, employers will go just fine, but just in case somebody will, they keep doors open. This keeping the door open costs comparatively little, especially given the alternatives (when everybody else does the same). So, we do see some wage increases, above inflation, but only when it's really, positively critical - which in fact in many cases today is not. So - no real need, no wage increases.
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Re:The Economy That Wasn’t Supposed to Happen: Booming Jobs,...
by Zanni on Saturday May 04, 2019 @01:05AM
(#19824567)
Except that's not how unemployment is measured. It's measured by people seeking work, not by job openings. [0] If you really think it's an illusion, a better argument would be that people are dropping out of the workforce, i.e. no longer seeking jobs.
[0] https://courses.lumenlearning.com/boundless-economics/chapte...