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Where Have the Workers Gone?

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Where Have the Workers Gone?
Pedestrians walk past a Now Hiring sign in Arlington, Va., on March 16, 2022. STEFANI REYNOLDS/AFP via Getty Images
Milton Ezrati
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Commentary

Businesses complain incessantly these days of labor shortages. Rising wage rates would seem to induce more people to seek paid employment, and they have to some extent.

Milton Ezrati
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."
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