Labor shortage makes tax cuts/stimulation impotent

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Labor shortage makes tax cuts/stimulation impotent - 5/22/2017 8:14:20 AM

Musicmystery

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Joined: 3/14/2005
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Lack of Workers, Not Work, Weighs on the Nation’s Economy

President Trump continues to promise that he will accelerate job growth by cutting taxes and regulations. But the accumulating evidence that workers are getting harder to find, and that wages are rising more quickly, has convinced many economists that significantly faster growth is unlikely. The Federal Reserve has cited the trend as its reason for moving to wind down its own economic stimulus campaign. The Fed may raise interest rates again at its next meeting in June.

https://www.nytimes.com/2017/05/21/us/politics/utah-economy-jobs.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=first-column-region®ion=top-news&WT.nav=top-news