Didn’t See This Posted Here Yet – “Fed official says he doesn’t buy the ‘Great Resignation’ — suggests employers play up labor shortage to avoid paying higher wages”

https://www.marketwatch.com/story/fed-official-doesnt-really-buy-the-great-resignation-suggests-businesses-play-up-worker-shortages-to-avoid-paying-higher-wages-11652117795 “There’s a churn away … from the toughest jobs to more attractive jobs,” Kashkari said. “That’s something we’re all going to have to adjust to, because we need long-haul truck drivers; as much as Silicon Valley says they’re all going to be out of a job soon, it’s going to take longer than they think. And we need child-care workers. So we’re going to all have to make adjustments, and that probably means adjustments in wages.”  Earlier in the talk, Kashkari also said that businesses “always say” there’s a worker shortage, “because they don’t want to have to pay up higher wages.” (To be sure, the tight labor market has forced higher wages, though inflation is eating into those gains.)