Fewer people willing or able to take a job might eventually cause a shortage of workers, leading to surge in wages and longer-term inflationary pressures, according to Princeton University economist Alan Blinder, a former Fed vice chairman.
"We're going to be running out of labor as we go through time,'' Blinder said on Bloomberg Television Dec. 31.
Oh, my. I hadn't even thought of that. I guess we'll need to expand the availability of slave-labour employer-controlled visas and guest worker programs, won't we? Let's forward this to our lobbyist.
"We're going to be running out of labor as we go through time,'' Blinder said on Bloomberg Television Dec. 31.
Oh, my. I hadn't even thought of that. I guess we'll need to expand the availability of slave-labour employer-controlled visas and guest worker programs, won't we? Let's forward this to our lobbyist.