There are only 2 million unemployed Americans right now. Most of the illegal immigrants have jobs and fill in the gaps, such as working on farms and factories. If the 20 million illegal immigrants are deported, want that create a massive laborer shortage? Won’t the work follow the workers to Mexico?
I’ll say this again, there’s no such thing as a labour shortage.
There’s an infinite demand for labour by companies, the only thing preventing them from hiring is what people are willing to work for.
Just imagine it this way, if a company offered a million jobs at $1 per hour, but couldn’t fill them. Is that a labour shortage or just a stupid company?
Companies who can’t sell their product/service while paying the wages required to fill the positions are supposed to fail and close. Freeing up any workers they have attracted to work for companies who can fill that.
Companies failing this way isn’t bad. It’s literally how the economic system we are using works.
That is nice economic theory.
The reality is only small entities will close and will be absorbed by the bigger companies that can afford to shift production to other countries and prices will go up because they can. The only reason why they produce locally is because of subsidies and illegal labor.
There is no economic incentive to pay a desirable wage domestically when you can exploit the workers of another country and make more money.
If it requires illegal labor now, it will be offshore if illegals(and “accidentally” the wrong color people) are deported.
I wouldn’t say there’s no such thing as a labor shortage, we just don’t really have one now and haven’t for a while. It’s like saying there’s no such thing as a food shortage because in periods of high demand you can always just pay exponentially more money and get it.
If the rate at which labor costs are rising far outstrips the rate at which demand is growing across an industry, not just a business, that’s a sign that the supply of workers is lagging behind the demand growth. Usually seen when there’s a time lag between when demand can start to rise and people from other sectors can move over, like in medical fields or fields with high technical requirements.
It’s still not the workers responsibility to take lower wages to keep a business afloat, but that doesn’t mean there haven’t been times when it’s been legitimately infeasible to fill a position.
Businesses and in some cases governments just need to be forward thinking and give incentive to start training for the career before demand starts to outstrip supply.
Smart places with nurse shortages will do stuff like pay for your training in exchange for a set number of years working for them at a market wage.
Well. It kind of is bad, when those businesses are, for instance, farms. Or factories producing food. Imagine, if you will, a scenario where people working in the fields picking whatever suddenly had to be paid at least minimum wage (and probably a lot more, because that works sucks), rather than a piece rate. Productivity would probably drop–no incentive to work yourself to death anymore–but costs would rise. Those costs would have to be passed on to consumers, and that would ripple across the entire economy in a big way.
That’s not bad. Costs are supposed to rise to match the supply with the demand. That’s literally how this all works.
These jobs should be automated out of existence. Every time the cost goes up that becomes more and more viable.
Okay, class traitor.