Try reading the question again. The lack of welders or Scotch today (TODAY) can’t be fixed by the market. The scarce resource can only be allocated by the market.
It’s absolutely not true, as you stated, that the labor available today can fit the available openings, if it only weren’t for the greedy capitalists who only want to exploit labor.
Neither is it true that he said that....but you are fitting the stereotype quite well!
Yes it can. Pay more and you get the welders. If not then your project goes on hold. Train your own people. Both life and economics are competitive. In the weeks after Katrina the price of a gallon of milk was $20.00 in New Orleans. Should we have forced a price control on milk then? Were those milk guys price gouging? No, those milk providers had to drive hundreds on miles to get that milk and they had to buy it at a high price and ship it back into New Orleans. It is the way it works.