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Inequality.org has published a article debunking incessant claims by businesses of labour shortages as economies reopen.
Inequality.org says “it’s not that people don’t want to work — it’s that they don’t want to work for so little” and claims that employers offering good pay are being inundated with job applicants:
Dan Price, the CEO of Gravity Payments who raised the starting wage at his company to $70,000, recently said he gets 300 applications for every opening.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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