How the balance of power in the labor market is shifting
Businesses have been having a hard time finding people to hire, even though millions of Americans are still out of work. It seems like quite the conundrum. But that’s because half the story is left out, said Barry Ritholtz, chairman of Ritholtz Wealth Management. “Whenever I hear people say, ‘We can’t hire people,’ they’re leaving out half of the question, which is ‘at these wages,'” he said. On today’s show: How the pandemic changed the labor market. Also on the program: why retail sales are down, about that U.S.-EU truce on airplane subsidies and what lowering the Medicare eligibility age would mean for American health care.