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It’s not specific to tech, many fields have labor shortages[1]. There are a number of likely reasons: 1. The demand side of the economy picking up faster than
by softwaredoug 5y ago
It’s not specific to tech, many fields have labor shortages[1].
There are a number of likely reasons:
1. The demand side of the economy picking up faster than supply. Many businesses were not producing during the pandemic. But consumers had few expenses and sat at home accumulating cash. When things open up, every consumer surges on the market and there’s no supply or people to fulfill those needs.
2 - Unreliable child care: schools and education haven’t been reliably open. Many are not going back to work cause they’re taking care of the kids.
3 - Many re-examining what they want out of life. There’s a lot of people that sat back and decided their prepandemic job wasn’t what they wanted out of life. Some moved industries, others retired early.
I found this article helpful when looking at reasons: https://www.cnn.com/2021/05/22/politics/what-matters-labor-shortage/index.html https://www.cnn.com/2021/05/22/politics/what-matters-labor-s...
1 - https://www.forbes.com/sites/tomspiggle/2021/07/08/what-does-a-worker-want-what-the-labor-shortage-really-tells-us/?sh=32e70431539d https://www.forbes.com/sites/tomspiggle/2021/07/08/what-does...