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Comment by alfl | Hacker News Reader

Cribbing from Eric Weinstein: there are no labor shortages in (reasonably) free markets. There are just supply/demand mismatches, especially through the pricing mechanism.

Wages in real terms have been stagnant since the early-mid 70s. We probably, generally, need to pay workers more.

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I love not being able to be self sufficient in my 30s because I get paid shit and then being told by the fed that inflation is being caused by people like me getting paid too much. I almost ended my life 2 years ago because of feeling hopeless about ever being able to earn enough money to have a decent quality of life that I could provide myself, I hate centrist democrats (i.e. republican-lite)

Ironically from what I understand in Germany the government claims the opposite is the problem: individuals save too much money. This has led to a requirement that all bank accounts have a negative interest rate, which effectively bans saving money.

Wow. That's horrible. Imagine trying to save for a home. jesus.

Pretty sure that's not how it works for individual accounts.

Exactly the point individuals have made:

https://www.wsj.com/articles/banks-in-germany-tell-customers...

> 34-year-old said, adding that he plans to use the money to buy a house before the birth of his second child this year

Historically speaking, being miserly has often been considered unattractive.

To paraphrase that into a more easily understandable point: All construction companies bemoan the shortage of skilled welders willing to work long hours in remote locations for $12/hr without overtime pay.

Obligatory: https://wtfhappenedin1971.com/

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