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Is the worker shortage forever? (Minneapolis Fed)

January 26, 2024

Demand for workers remains high in every state in the Minneapolis Federal Reserve District, but the supply of workers has not kept up, Minneapolis Fed Senior Writer Tu-Uyen Tran writes in a post. Businesses are raising wages and offering flexible schedules to attract people. “We’re going to be in a tight labor market forever if we don’t actually change our productivity curve. We’re really, I think, going to be in trouble in the next decade,” Tran quotes David Mortenson, chairman and CEO of M.A. Mortenson Co. as saying.