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A comment on Why are American workers becoming harder to find?. Parent comment

Re:Why are American workers becoming harder to find? by Clubber on Monday June 07, 2021 @08:45AM (#27421893)
>I fail to understand why any business should pay more than market rate for anything.

It seems like the market rate for labor is going up, but the businesses are failing to deal with that reality.

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Re:Why are American workers becoming harder to find? by cheph on Monday June 07, 2021 @08:59AM (#27422013)
> It seems like the market rate for labor is going up, but the businesses are failing to deal with that reality.

How do you figure this? If businesses were not paying more the market rate would not be going up.

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Re:Why are American workers becoming harder to find? by Clubber on Monday June 07, 2021 @09:06AM (#27422075)
The businesses who are crying about not being able to find labor are the ones failing to deal with reality. They either need to pay more to secure labor or fail.

I believe we're currently at 5.8% unemployment for May 2021, down from around 15% during the pandemic.

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Re:Why are American workers becoming harder to find? by cheph on Monday June 07, 2021 @12:15PM (#27424277)
> They either need to pay more to secure labor or fail.

Yes. Those are the options. The .001% is really cleaning house while smaller businesses are dying. And no way Amazon is going to absorb the cost, so all of this will just end wiping out the earnings and savings of most people while nobody's purchasing power increases.

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Re:Why are American workers becoming harder to find? by 2222et on Monday June 07, 2021 @09:49AM (#27422581)
I believe you are assuming a (quasi)equilibrium state. Perhaps it is time to abandon that assumption.
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