Find people now5/11/2023 ![]() What’s being called a labor shortage is still a health shortage, a wage shortage and a care shortage.Īssuming employed, essential workers were more likely to get vaccinated earlier, the non-vaccinated rate is substantially higher for working-age Americans who are not working. Further, the value of being home increased both because of increased child, elder and sick care responsibilities and additional unemployment insurance benefits. The virus reduces the value of jobs to workers - by making many jobs riskier for workers and their loved ones and less pleasant if policing customers - and reduces the value of jobs to many employers because they haven’t been able to serve as many customers per worker. ![]() The labor market remains sick with the virus, affecting both supply and demand. Sojourner is a labor economist and an associate professor at the Carlson School of Management at the University of Minnesota.Īre expanded unemployment payments to blame for apparent labor shortages? businesses to hire right now - and what they can do to fix it.Īaron Sojourner: ‘The labor market remains sick with the virus’ We asked experts in economics, recruiting and other fields what’s making it hard for many U.S. But are expanded unemployment benefits really to blame? Businesses of all types report that they are having trouble hiring despite high unemployment.
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