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Not long ago, my wife and I decided to go out to our favorite Thai restaurant not far from our home in the Charleston, South Carolina area, which we had not been to for well over a year. With so many retail businesses having returned to a no-mask, no-distancing “normality,” we were looking forward to a tasty inside, sit-down meal. But when we arrived we discovered they were still only doing takeout orders because the management had not been able to find enough willing waiters to rehire. America is suffering from an apparent “labor shortage,” in spite of unemployment levels being significantly above what they were before the government-imposed lockdowns and stay-at-home orders in early 2020.
Before these shutdown orders and restrictions on freedom of shopping were imposed by, especially, the state governments and reinforced by federal policies in March of last year, the economy-wide average unemployment rate hit a low of about 3.5 percent of the labor force in ...