Tuesday, October 20, 2015


If only there was some way that wages could adjust in order to encourage more people to go into a profession with high demand.
In the last year, though, the sound has become deafening. At conferences, over beers and on social media, chefs and restaurateurs are openly worrying (not to say complaining) about a crisis-level shortage of cooks. In scores of interviews via phone and email, chefs and restaurateurs confirmed that the shortage has affected their hiring.

I think I used to teach about how that could happen in a market economy, but then Obama and the communism and whatnot so now ???