Unemployment is also much easier to address than worker shortage. Paying for welfare of the unemployed is far preferable than importation of labour, or a export/downgrade of jobs/companies.
Similar our gripe with inflation as it hurts us a lot but the pains of deflation is a completely different magnitude of hurt on everyone who has debt.
That said, we have to have a government that is actually willing to address unemployment. We’re lucky enough to have that now, but the moment Republicans get into office again, they’ll move as fast as they can to gut unemployment assistance and then wonder why the economy is in the crapper.
Unemployment is also much easier to address than worker shortage. Paying for welfare of the unemployed is far preferable than importation of labour, or a export/downgrade of jobs/companies.
Similar our gripe with inflation as it hurts us a lot but the pains of deflation is a completely different magnitude of hurt on everyone who has debt.
That said, we have to have a government that is actually willing to address unemployment. We’re lucky enough to have that now, but the moment Republicans get into office again, they’ll move as fast as they can to gut unemployment assistance and then wonder why the economy is in the crapper.