This article originally appeared on Fox Business on October 9, 2021
Contrary what we’re hearing from the Biden administration, the solution to our labor market problems is not massive government spending designed to create jobs. There are already 10.9 million openings, according to the most recent Bureau of Labor Statistics data, but only 7.7 million people are actively looking for work. So, businesses are finding it increasingly difficult to fill those openings which is why the jobs numbers are so dismal.
Stated simply, the problem is a shortage of workers not a shortage of job openings. Neither government spending intended to create more jobs nor government spending that discourages work will solve that problem.
To the contrary, as both August’s and September’s dismal jobs number show, such spending exacerbates the problem. While President Biden may not see it, Sen. Joe Manchin, D-W.Va., does. Last month he noted that "We have 11 million jobs that we haven’t filled, 8 million people still unemployed. Something’s not matching up here."
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