News for hackers. Stuff that matters.

A comment on The US “labor shortage” is just a wage shortage (2021). Parent comment

Re:The US “labor shortage” is just a wage shortage (2021) by colinmhayes on Wednesday June 01, 2022 @10:30AM (#31582305)
When prices go up consumers substitute. Offshore labor is cheap. Why would consumers pay extra for domestic products instead of just buying cheap imported ones?
[ Parent | on HN ]
Re:The US “labor shortage” is just a wage shortage (2021) by trelane on Wednesday June 01, 2022 @11:11AM (#31582985)
Aye, there's the rub. It's the same as saving. One person saving more is a good decision. _Lots_ of people saving more is a recession.

Externalities.

[ Parent | on HN ]