But even as they forecast a brighter future for the working class, these economists also worry that the new age of tight labor markets and rising wages will create a different sort of challenge. As Alan B. Krueger, a Princeton University economist who was the chief economic adviser to President Barack Obama, put it, “We are heading for a labor shortage.”
Emphasis on labor shortage added.
Now where have I heard that before? Oh, yes:
2003 (depths of a recession)
http://aoaconsulting.com/yahoo_site_admin/assets/docs/Will_T...
http://knowledge.wharton.upenn.edu/article/what-labor-shorta...
2004
https://www.fastcompany.com/50595/labor-shortage-myth
2005
https://www.shrm.org/hr-today/news/hr-magazine/Pages/0305cov...
2010 (depths of Great Recession)
https://www.cbsnews.com/news/skilled-labor-shortage-frustrat...
https://www.tlnt.com/a-coming-labor-shortage-the-evidence-ju...
2012
https://secure.marketwatch.com/story/the-looming-us-labor-sh...
2013
http://businessroundtable.org/media/blog/the-u.s.-skills-gap...
https://www.us-immigration.com/us-immigration-news/us-immigr...
http://www.nasdaq.com/article/weekly-review-the-upcoming-lab...
http://money.cnn.com/2013/06/13/news/economy/trucker-shortag...
2015
https://tickertape.tdameritrade.com/investing/2015/06/skille...
https://www.tradesmeninternational.com/news-events/the-const...
Where did all those construction workers laid off at the end of the housing bubble go?
It seems that for employers and their hirelings, there is always a labor shortage or a looming labor shortage.