Wolfers debunks labor shortage with Don Lemon

Justin Wolfers, professor of public policy and economics, sat down on CNN's Don Lemon Tonight to discuss the labor shortage that most believe the U.S. is currently experiencing. Wolfers had a different opinion.

"I want to be careful about calling it a worker shortage. In fact, I want to urge you not to," he told Lemon. "A different way of looking at the labor market is how many people would be employed right now if we had a pre-pandemic trend. That would be about 10 million people more. Ten million missing jobs is about as bad as the darkest days of the 2008, 2009 recession. So, this is an economy that's still hurting. The real question is how optimistic or pessimistic should we be going forward?"