There are undoubtedly multiple factors driving the labor shortage, but this simply has to be one of them. The most basic lesson of economics is that people respond to incentives. And when pathways exist to receive above-average incomes without working, many people will choose that over toiling and working hard to earn less. The inevitable result is lower employment, slower economic growth, and a dearth of dignity among those who’ve been incentivized out of work.
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