Auto workers are on strike. Actors are on strike. Writers are on strike. The latest is that workers on Canada’s St. Lawrence Seaway are on strike. As Peter Zeihan observes in the video below, these strikes are a symptom of the labor shortage that isn’t going to go away anytime soon.
Zeihan doesn’t say so but any time advocates of some government subsidize project say, “This project will create lots of jobs,” you should immediately translate that in your mind as saying, “This project is going to make labor shortages even worse.” The jobs argument never was a good argument for doing things that required government subsidies, but now it is one more reason not to do major projects that require government subsidies.
