Hacker News new | ask | show | jobs
by syndicatedjelly 995 days ago
> There is no labor shortage, there is simply no longer surplus labor (due to covid deaths combined with structural demographics) enabling churn that kept wages low.

There are a number of mental hoops that one must jump through for this statement to make any sense. A lack of surplus labor is what exactly, if not a labor shortage? How is a high supply not the exact same thing as a labor surplus?