Is there a difference between people and goods?
Honestly, between how soft-science macroeconomcis is, combined with the fact that this planet does not contain a single person willing to argue about it in good faith, makes it simply impossible to have real conversations around it, especially on the internet.
A shortage of an asset is a reflection of inventory levels. A shortage of labor reflects a lack of skill or time OR a lack of willingness to pay for that skill and time.
They're different for good reasons.
There might be an exception for natural resources that are exceptionally easy to exploit even without labour, like sunlight or fresh air.
So the housing crisis in just an "inventory" issue? Maybe it's just that people aren't willing to pay enough for a dwelling in desirable coastal cities?
>A shortage of labor reflects a lack of skill or time OR a lack of willingness to pay for that skill and time.
How's this different than for goods? You're just substituting "time" for "production". Moreover
Lack of demand for labor and skill can produce an asset shortage, but in an economy where supply and demand float, the theory is that shortages reflect supply-demand failures, and the degree to which supply of labor is invoked to solve shortages for goods depends on the elasticity of demand and the elasticity of supply.
Someone here posted that the balance was better in the west in the past because the Soviet Union was sitting there on the sidelines like a boogy many to capitalists waiting if they pushed people too far.