(OPINION) The labor shortage is a demographic and immigration problem, the chief global strategist at JPMorgan Asset Management says

Speeding up immigration could be a way out of the labor shortage.

That’s according to David Kelly, the chief global strategist of JPMorgan’s asset management division.

“If we sped up the immigration of people based particularly on work skills and work demand, if we increased the number of people who were allowed to immigrate into the United States based on the skills they bring to the marketplace, we could fix this huge excess demand for labor problem pretty quickly,” Kelly told Insider.

But this may not be easy to accomplish.

Madison Hoff, Business Insider, April 16, 2022
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