[quote=gzz]1. The labor “shortage” are cheap businessmen unwilling to pay market wages.
[/quote]
An increase in labor cost is devastating to a business plan because it can force a business owner to raise prices so much that their own business becomes no longer viable. It is a frightening prospect.
I believe this phenomenon – how higher wages force labor-heavy business into pricing themselves out of the market – is why labor shortages can turn to job shortages so quickly.
To call them “cheap” is very unfair and demonstrates a lack of understanding of what a business owner has to deal with..
