Richard Bernstein on Quantitative Analysis
Masters in Business
00:00
Are We Bringing More Workers Into Labor Force?
If we want to get wages sort of under control in a way that works out, don't we need to bring a whole bunch more workers into labor force? Absolutely. Why aren't we bringing in more skilled labor from outside of the country? I think we actually have to. People always want like one reason why it has happened. It's really a perfect storm of about four or five or six different things all coming together at the same time. And there's no one reason, but the end result is that we do have, I would argue, the tightness labor market in our lifetimes.
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