Labor Shortages
I feel gaslit when grown-ups talk about labor shortages in market economies w wage mechanisms.
It's basically an admission that capitalism is meant as a TRICK where workers can't benefit from markets.
Let's talk about the ongoing equities shortage & printing shares for workers.
You see, longterm labor shortages don't exist in large market economies.
But the news media counts on workers being too dumb to understand the wage mechanism. So everyone in media pretends to believe in labor shortages. Like they were jackalopes.
Let's print shares & not visas.
Letâs talk about âequities shortagesâ which are no more real than âlabor shortagesâ. That way every S.O.B. who whines about a labor shortage will hear: âOh. Itâs because of the Stock Share Shortage. You just have to print new shares of your company to get your workers energized.â
Letâs stop this âlabor shortageâ dead in its tracks. Letâs not print visas. Itâs time to recognize workers are suffering from a *share shortage*. We need to print shares not visas and add them to compensation packages.
Bingo! Look at that: totally fictitious problem solved.
- Eric Weinstein on X, August 19, 2022
