Timeline for Was there really a labor shortage in the USA until 1970?

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7 events

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May 27, 2014 at 21:19	comment	added	Samuel Russell		Per @MarkC.Wallace this answer fails to account for the balance of forces in class warfare.
May 27, 2014 at 18:39	comment	added	Tyler Durden		I think in this post we have condensed onto one page of text the reason why the economic policy of every country on the planet is so incredibly screwed up.
May 27, 2014 at 18:21	comment	added	T.E.D.♦		Actually, I'm very sympathetic with this answer. For unskilled labor, it is 100% correct. For labor in general...well, it depends on what exactly Mr. Wolff was talking about (which we still don't know).
May 27, 2014 at 18:11	comment	added	MCW♦		In a pure theoretical market, this may be a valid opinion. However we work in a world where we need to consider things like minimum wages, professional certification (there may be an infinite number of laborers, but the number qualified to do brain surgery is much less), training (The demand for computer scientists in the post civil war era was small; the demand for steelworkers declined precipitously in the latter half of the 20th century), immigration law and a hundred other things.
May 27, 2014 at 18:08	comment	added	Tyler Durden		You don't seem to get it. There are an infinite "number of jobs". If you and your friends agree to work for me for 25 cents an hour I will hire you all, even if you have a thousand friends. I just "created" 1000 jobs instantly. You seem to have the erroneous idea that "jobs" are some kind of fixed commodity. A "job" is just some guy willing to pay some other guy to do something.
May 27, 2014 at 17:49	comment	added	Saal Hardali		I think he meant labour shortage in the sense that there were actually more available jobs than workers.
May 27, 2014 at 17:42	history	answered	Tyler Durden	CC BY-SA 3.0