06 December 2017

If There Were Only Some Proxy for Value That Could Be Use to Address Labor Shortages

Over at the NPR program Morning Edition this morning, they were reporting on the Trump administration ending the temporary protected status (TPS) for some refugees because conditions have improved in their countries

They were  because wringing their hands because ending the program might cause shortages of construction workers.

We can argue whether or not TPS status should actually be temporary, but this argument is complete crap.

If there is a shortage of construction workers, the solution is Econ 101:  You pay them more, and you pay to train them.

I understand that people like, for example, NPR correspondents don't like the idea of paying a few bucks more to have a Jacuzzi installed on their back porch, but for the rest of us, it's not a huge deal.

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