Mike's Minute: Economics of idiots causing labour shortage
The statistic that should send a chill through every one of us was the one you might have seen over the weekend from a construction company.
They hired 52 people, but lost 54 to poaching.
It's that fundamentally destructive aspect of the economy that has seen us almost certainly in a recession in the first half of this year, and quite possibly another one in the latter part of this year and into next.
The economy is broken, it can't function without enough people and we don’t have enough people.
You can't hire 52 and lose 54 without serious consequences for what you do.
The 54 will have got…
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