“Some economists argue that the apparent paradox rests on an illusion: there is no real 'labor shortage,' only a shortage of people willing to work at the wages currently being offered. You might as well talk about a 'Lexus shortage' — which there is, in a sense, for anyone unwilling to pay $40,000 for a car.”
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Similar quotes
“We economists don't know much, but we do know how to create a shortage. If you want to create a shortage of tomatoes, for example, just pass a law that retailers can't sell tomatoes for more than two cents per pound. Instantly you'll have a tomato shortage. It's the same with oil or gas.”
“... unfortunately, freedom alone is not enough, by far. If there is a shortage of bread, a shortage of butter and fats, a shortage of textiles, and if housing conditions are bad, freedom will not carry you very far. It is very difficult, comrades, to live on freedom alone.”
“there is no shortage of fault to be found amid our stars”
“There had never been a shortage of fools in the world”
“There shouldn't ever be a gas shortage in our world...when so many people are full of it!”