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That's not a universally true statement.

Where I live in Vermont, nearly every business has a "Help Wanted" sign- from gas stations and McDonald's through construction, engineering, and knowledge work. None of these places are paying minimum wage.

I'm sure there are other places where the inverse is true - the issue has more to do with the distribution of people and work rather than sheer numbers, at least at this point.

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That's true. The US economy is still very strong by world standards.

In my country (Finland) even entry-level jobs that pay peanuts often have multi-round interviews, with applicants recording videos and taking psychological tests. It's all handled by recruiting firms, which make good money by filtering the masses of desperate applicants through meaningless tasks like this.

Even if the workforce is small, job market can still be highly competitive when the there are simply too few successful employers.

That might be because the risk of hiring is higher in Finland.

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