Insights and Market Perspectives
POLITICIANS IN BOTH PARTIES are calling for policies that boost employment and the economy but that laudable goal overlooks the most important factor: there aren’t enough workers.
THE REFRAIN WE HEAR across the country is that the labor shortage is still acute, but there’s a disconnect. As President Biden touts the benefits of new spending on jobs, he overlooks the obvious problem: there aren’t enough workers to fill jobs in manufacturing, hospitality, food service, retail, health care, etc.
AN OBVIOUS SOLUTION to this problem would be an immigration reform bill that would increase quotas for legal aliens — that option would be good for companies and workers — but any progress on this front is lost in the heated rhetoric over illegal immigration at the Texas border.
WE HAVE A VERY CYNICAL VIEW that neither party really wants…
