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It amazes me that the "labour shortage" argument is still in play. You'd think after years of importing tens of millions of people someone might have asked, "have we fixed the labour shortage yet?".

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The headline says that this year was the largest increase in population since 1962. That increase was 1% or ~600,000 people.

There will always be a labor shortage as long as labor costs are greater than zero. /s

It does not have to be zero. It just has to be less than the marginal profitability of a new hire. Those can converge at a number higher than zero.

I was being sarcastic. But yes you're right.

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