With a few exceptions, the labor shortage is a myth.
Our corporate leaders don’t think the laws of supply and demand should apply when they need more workers. The real problem is they can’t find workers willing to work in poor working conditions, with no job security, lousy benefits and at the obscenely low wages they want to pay.
If the minimum wage of 50 years ago was adjusted for inflation, the minimum wage would be nearly $12 per hour. If the minimum wage were adjusted for both increases in productivity and inflation it would be over $22 an hour. It the minimum wage were adjusted to increase at the same rate as increases for the top 1 percent of earners, it would be over $33 an hour.
It should be noted that it is not just wages. Surveys indicate most people leave their job because of poor management.
If you want more workers to choose from, make it worth their while to enter the workforce. Increase pay, provide child care, improve management, offer job training.
But it’s easier and cheaper for employers to complain to government to solve their failures. If this sounds familiar, it’s because this is how they portray welfare cheats.
John Hallinan, Stoughton