Many employers in Massachusetts and across the country are hurting for help. Help wanted signs are canvasing the Cape and Islands, and in Salem, a cash incentive is being offered by the city to anyone who takes a service industry job. The labor loss is being referred to as a “Great Resignation.” Bob Triest, professor of economics at Northeastern University and former vice president and economist at the Federal Reserve Bank, joined Mary Blake on GBH’s Morning Edition to discuss.
Mary Blake: This labor shortage — why is that a bad thing?
Bob Triest: It’s a bad thing for businesses struggling to find workers. And I really feel for small businesses that are finding that it’s hard to attract workers at the wages that they’re