I always find it a bit strange when people talk about shortages of non-price-controlled goods and services. When you say that the industry is "short on construction workers", there's an implicit "who will work for what we used to pay them." It seems to me like it's someone who hires in that industry trying to entice more talent to come help lower the price again, rather than an accurate description of the state of the world.
To be sure, bona-fide shortages can occur transiently. For example when a natural disaster happens, it will take time for the local tradesmen to work through the backlog. But at a relatively steady state, it seems silly to talk about a shortage of construction workers. Pay a bit more than the next guy, and my guess is, your shortage will quickly disappear.
To be sure, bona-fide shortages can occur transiently. For example when a natural disaster happens, it will take time for the local tradesmen to work through the backlog. But at a relatively steady state, it seems silly to talk about a shortage of construction workers. Pay a bit more than the next guy, and my guess is, your shortage will quickly disappear.