Only a shortage of workers to do the jobs at the current market price. Raise the wage and there will be a shortage of jobs for workers. Econ 101.It's not that the jobs aren't there, but rather that there's a shortage of workers taking the jobs available.
Either pay more wages or automate. In the very near future, Elon Musk claims we will have driver less trucking. That will make some pretty low costs for trucking if you do not even need a truck driver.Maybe this is due mostly to the pandemic, which isn't over, and which is making employment less attractive.
Companies are even cutting back production for lack of needed workers. Who's to blame for this? And why basically is this bad?
What's wrong is not high unemployment, but that needed work is not getting done. There's a need for more truck drivers, dock workers at the ports, and some skilled workers like plumbers and electricians. Also firefighters, and many other kinds of workers -- but job-seekers are staying home rather than taking the jobs that are open.
All of this country loses big time when all the costs of exploiting labor are not included. It is the same kind of short sighted thinking that has allowed fossil fuels to dominate instead of cleaner energy. Even 200 years after the civil war, this country is still paying dearly for the last time producers exploited the black population from Africa.So both Reds and Blues think it's better to let the economy suffer, let the production be lower, so less wealth is created, and so American consumers -- ALL Americans -- must have their living standard reduced, because of our need to pander to the crybabies who feel threatened by competition from immigrants.
The only solution to a better way of life (for all) is increased productivity through technology and automation.