[dmurray]

> Other reports indicate that farm jobs have one of the fastest growing wages in the country (which I realize technically invalidates there being a shortage, but labour shortage has come to mean something other than shortage).

Isn't that the exact definition of shortage? Prices rise because demand excess supply at the previous price.

[randomdata]

A shortage is technically defined as a situation where price cannot rise, such as the government imposing a price ceiling, preventing the price from reaching equilibrium. As long as price is able to rise, demand will wane with the rising price, and thus the supply will ultimately meet the needs of the demand.

That price is rising should invalidate the idea of a shortage, but labour shortage seems to have come to mean a situation where an employer has made their desire to hire known, but received no suitable applicants.

[shkkmo]

Isn't a shortage technically defined as when supply can't meet demand? Capped prices is one potential cause, but demand also isn't always very elastic and this can cause shortages on it's own.

[randomdata]

> Isn't a shortage technically defined as when supply can't meet demand?

It is, yes, and ultimately says the same thing. I prefer the alternative phrasing as I think it more clearly explains the mechanisms, especially when people sometimes confuse demand to mean 'I want something'.

> Capped prices is one potential cause, but demand also isn't always very elastic and this can cause shortages on it's own.

I don't see it being contradictory. In an ideal model of inelastic demand, the demand never wanes no matter how high the price goes. However, price cannot continue to rise infinitely, so you have technically created a situation where price cannot rise again. It is still the price not being able to rise that characterizes the shortage in this case.

I did not mean to suggest that the government is the only thing that can cause prices to stop increasing. It was just one example.