I walk into a store, grab a $3 bag of potato chips, hand the cashier $1, and they say, “I’m sorry, these cost $3.”
“I’m only willing to pay $1 for them,” I reply.
The cashier says, “Okay, then you can’t have them.”
Am I facing a potato chip shortage?
The “labor shortage” is a myth. There’s plenty of labor, the market demands a certain price for it. Companies willing to pay that price continue to have all the labor they need.