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by tootie 1481 days ago
You're wrong and so is the (year-old) article. There is absolutely a labor shortage.

https://fred.stlouisfed.org/graph/?g=P0D0

Prime-age employment-population ratio is 100% recovered to pre-pandemic levels and unemployment is near all-time lows. Labor shortage. QED.

1 comments

That's an interesting graph. 3 of the last 4 times employment rates reached ~80%, the economy almost immediately tipped into recession. The other time, it kept going for 5 years.