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26 points

That means the supply of workers in many countries is quickly diminishing.

I thought AI was going to take our jobs.

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13 points

Right? They must not think AI and automation can replace very many human laborers, otherwise they wouldn’t consider declining birth rates to be such a crisis.

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13 points

Of course it is! We are simultaneously facing a labor shortage and mass unemployment. The important thing is to keep being angry and frightened, the specific subject you’re angry about at any given time is flexible.

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8 points
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You can have both a labor shortage and mass unemployment. It occurs when workers are skilled for an industry with decreasing or no demand while another industry that requires different skills has increasing demand.

A good example of this is the high demand in the US for so called “Blue Collar” jobs. We have a shortage of trades people (Electricians, Plumbers, HVAC, etc) and far too many Business and Marketing people. There’s 100,000 MBA’s out there looking for a job and there’s 100,000 Plumbing Contractors trying to hire someone.

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