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The current state of affairs is that we have a labor shortage. The country needs more and more service workers. Tech is the go to backup plan for any college gr
by runawaybottle 5y ago
The current state of affairs is that we have a labor shortage. The country needs more and more service workers. Tech is the go to backup plan for any college graduate (from any major), so the white collar work is perfectly saturated at the moment due to tech (not just developers, pm’s, sales, designers, etc). The only need for h1b are for the truly ruthless cost cutters. Otherwise, you can continuously undercut just here locally with new college graduates or career-changers (bootcamps, etc).
- TheAdamAndChe 5y agoWages haven't kept pace with productivity since the 70's, and income and wealth inequality has reached astronomical proportions. IMO its time for a bit of inflation and improved employee leverage.
- jhawk28 5y agoInflation isn't a good thing. It is probably going to exasperate the wealth inequality and I don't see how it will improve employee leverage. It is an invisible tax caused by government artificially increasing the money supply.
- tick_tock_tick 5y agoLabor shortage plus inflation is the best thing possible for the people at the bottom of the economy.
- FredPret 5y agoMild inflation can lead to higher employment. We had a super tight labour market before Covid, I remember reading about factory workers getting signing bonuses (!) Here’s hoping we’ll just pick right up where we left off!
- gmadsen 5y agowe do not have a labor shortage. We have a wage shortage