LABOR SHORTAGE! A Fed 'Get out of Jail Free' card [Ep. 99b]

Labor shortages are normal, at the microscale, from time to time, in this or that industry. Yet since 2008, establishment economists use "labor shortage" as an excuse to: A) support a misleadingly low unemployment rate and, B) explain away the participation problem.
-----SEE EPISODE 99-------
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Emil YouTube: https://bit.ly/310yisL
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----EP. 99b TOPICS--------
00:00 Show Intro: America is suffering from a LABOR SHORTAGE says the Fed and financial media.
00:51 Citing Beige Book examples of labor shortages in New England and Texas, from yesteryear.
05:08 The normal, microscale labor shortages are now used as a macro policy shield of the Fed.
08:03 Confident businesses could eliminate labor shortages with market clearing wages, ergo...
11:51 Job Openings from the JOLTSurvey imply a huge labor shortage.
16:03 Other data disconfirm the JOLTS Job Openings metric; is it a data/methodology flaw?


----EP. 99b REFERENCES----
Turning The LABOR SHORTAGE Up to 11: https://bit.ly/3hifOww
Alhambra Investments Blog: https://bit.ly/2VIC2wWlin
RealClear Markets Essays: https://bit.ly/38tL5a7
-----------WHO-------------
Jeff Snider, Head of Global Investment Research for Alhambra Investments and Emil Kalinowski.
---------WHERE-------------
Twitter: https://twitter.com/JeffSnider_AIP
Twitter: https://twitter.com/EmilKalinowski
Art: https://davidparkins.com/
-----------TAG------------
#JeffSnider #LaborShortage #Employment #Unemployment #JOLTS #BeigeBook

Видео LABOR SHORTAGE! A Fed 'Get out of Jail Free' card [Ep. 99b] канала Emil Kalinowski