5 ms·

Shortage in supply is everywhere. Even in labor market. While walking around I cannot pass by without a desperate plea for staff needed. I see businesses closin

Shortage in supply is everywhere. Even in labor market. While walking around I cannot pass by without a desperate plea for staff needed. I see businesses closing down literally because of shortage of staff. It’s as if half of humans suddenly disappeared and other half decided to consume massively.

tpmoney 5y ago
The other half doesn't need to consume massively, just at the same rates they always were. When every step along your just in time supply chain is running at 50% capacity, the end output is even lower than 50% capacity.
londons_explore 5y ago
Or... Everyone has decided to consume massively because a lot of people feel rich after COVID (same income, no holidays, travel or social expenses)
garmaine 5y ago
Both halves are consuming massively thanks to pandemic relief funds and bonus unemployment. Why do you think there’s a labor shortage? You can get paid more money to sit on your ass and order things on Amazon.
- oehtXRwMkIs 5y ago
  Reasonable speculation, but if you look into it you'll see that right now the most popular hypothesis is a lack of fit between job seeking and hiring. Warehouse jobs for example are taking a lot of workers away from other industries right now. The most convincing piece of evidence for this IMO is that if you compare the states that ended relief funds and bonus unemployment early to try to combat this issue with those that let it keep going, there was no statistically significant difference between the two halves of the USA in terms of hiring shortages.
- jeromegv 5y ago
  Where in the world are they still paying pandemic relief funds 18 months into the pandemic?
  - adam_arthur 5y ago
    USA Though it's ending this week
  - garmaine 5y ago
    The whole United States, at least to those who qualify or have chosen to game the system. Federal boosted unemployment funding is finally ending this week, assuming it doesn't get yet another last-minute extension. PPP loans are still being drawn down and forgiven too.
  - the-dude 5y ago
    To businesses, in NL. Will end this year.
  - eulgro 5y ago
    Canada, and it's not ending anytime soon...
a3n 5y ago
Truck driver. Besides Walmart (my major shopping store, because you can park a truck up in there), truck stop convenience stores are chronically short of things in the last N months. I know, the irony ... Unflavored half and half single servings for coffee go early. The bulk half and half dispensers are usually empty these days. (The flavored side is often still available.) Then coffee lids. Then large coffee cups. Gatorade Zero often goes, and then regular Gatorade. The Power Aide seems to always be available. The open cooler boat with yogurt and sandwiches often runs low or empty. Vicious cycle of staff shortages everywhere, thus unable to source, produce, deliver and stock at former rates.
- mrkstu 5y ago
  Local QT regularly running out of syrup and various cup sizes for soft drinks.
- DavidPeiffer 5y ago
  Echoing /u/mrkstu, Casey's across the Midwest is generally not in stock of the medium cup for soft drinks, which is normally available in styrofoam or plastic.
Kiro 5y ago
I'm constantly surprised that so many things in IKEA are out of stock. I've been shopping at IKEA for 20 years and never experienced this before.
j1elo 5y ago
Turns out there is no shortage of people wanting to work. But there is a shortage on people wanting to be a slave of their job for a misery as compensation. So restaurants here keep complaining how come nobody wants to work with them. EDIT: I'm not joking, the salaries for mostly any position in a bar or a restaurant in Spain tend to be a joke with long hours and shameful conditions. Paying in cash to avoid taxes is a common thing. Doing extra hours without extra compensation as law requires. You don't like it? Ok bye, you're fired, and we'll complain to the news reporter on TV, about how nobody wants to work any more nowadays.
- mdorazio 5y ago
  Labor shortages weren’t a very big thing a month before the pandemic, so you have to ask yourself what changed. In many cases it’s that people got comfortable being paid a decent amount to not work, from the pandemic payouts. It’s a really interesting time to be looking at the economics of everything and see how this will play out over the next 12-18 months.
  - ElFitz 5y ago
    Perhaps it’s only that, for the first time, they got some time to reflect on their job and actually notice the impact it had on their lives and health, realised it had never been worth it, and want to find something else?
    - spydum 5y ago
      I think it is closer to that. A lot of people were complacent in their jobs, and not nearly tapping their potential (market or otherwise). I can't tell you how many people I know or heard 2nd hand got furloughed or laid off, then landed a significantly better paying gig and never went back (sometimes wildly different industries). If they were never forced to change, I guarantee most would have stayed.
      - dillondoyle 5y ago
        Or got laid off, took the stimi, got more education to switch careers. I know 2 and I don't have a bunch of friends.
malwarebytess 5y ago
Come on, it's obvious what the cause is. We meddled with and shut down large parts of the world economy. What hubris wouldn't expect there to be problems of rubberbanding supply and demand when we so deigned to restart them? This was a problem that was forecasted by many heterodox shutdown detractors. These "shortages" are caused by our politicians and bureaucrats making terrible decisions unilaterally.
- amanaplanacanal 5y ago
  What percentage of the world economy was really shut down, though? Looks like US GDP was down 3% in 2020.
lifeplusplus 5y ago
This is downstream effects of housing crisis. Rents have finally hit a point where even slaving away at minimum wage is not enough. Why live and work in a place where even after full time you will only further go in debt. How about just move to cheaper area or do go in debt but might as well do something less stressful. Either way financial situation is gonna be same.

tpmoney 5y ago

The other half doesn't need to consume massively, just at the same rates they always were. When every step along your just in time supply chain is running at 50% capacity, the end output is even lower than 50% capacity.

londons_explore 5y ago

Or... Everyone has decided to consume massively because a lot of people feel rich after COVID (same income, no holidays, travel or social expenses)

garmaine 5y ago

Both halves are consuming massively thanks to pandemic relief funds and bonus unemployment. Why do you think there’s a labor shortage? You can get paid more money to sit on your ass and order things on Amazon.

oehtXRwMkIs 5y ago
Reasonable speculation, but if you look into it you'll see that right now the most popular hypothesis is a lack of fit between job seeking and hiring. Warehouse jobs for example are taking a lot of workers away from other industries right now. The most convincing piece of evidence for this IMO is that if you compare the states that ended relief funds and bonus unemployment early to try to combat this issue with those that let it keep going, there was no statistically significant difference between the two halves of the USA in terms of hiring shortages.
jeromegv 5y ago
Where in the world are they still paying pandemic relief funds 18 months into the pandemic?
- adam_arthur 5y ago
  USA Though it's ending this week
- garmaine 5y ago
  The whole United States, at least to those who qualify or have chosen to game the system. Federal boosted unemployment funding is finally ending this week, assuming it doesn't get yet another last-minute extension. PPP loans are still being drawn down and forgiven too.
- the-dude 5y ago
  To businesses, in NL. Will end this year.
- eulgro 5y ago
  Canada, and it's not ending anytime soon...

a3n 5y ago

Truck driver. Besides Walmart (my major shopping store, because you can park a truck up in there), truck stop convenience stores are chronically short of things in the last N months. I know, the irony ... Unflavored half and half single servings for coffee go early. The bulk half and half dispensers are usually empty these days. (The flavored side is often still available.) Then coffee lids. Then large coffee cups. Gatorade Zero often goes, and then regular Gatorade. The Power Aide seems to always be available. The open cooler boat with yogurt and sandwiches often runs low or empty. Vicious cycle of staff shortages everywhere, thus unable to source, produce, deliver and stock at former rates.

mrkstu 5y ago
Local QT regularly running out of syrup and various cup sizes for soft drinks.
DavidPeiffer 5y ago
Echoing /u/mrkstu, Casey's across the Midwest is generally not in stock of the medium cup for soft drinks, which is normally available in styrofoam or plastic.

Kiro 5y ago

I'm constantly surprised that so many things in IKEA are out of stock. I've been shopping at IKEA for 20 years and never experienced this before.

j1elo 5y ago

Turns out there is no shortage of people wanting to work. But there is a shortage on people wanting to be a slave of their job for a misery as compensation. So restaurants here keep complaining how come nobody wants to work with them. EDIT: I'm not joking, the salaries for mostly any position in a bar or a restaurant in Spain tend to be a joke with long hours and shameful conditions. Paying in cash to avoid taxes is a common thing. Doing extra hours without extra compensation as law requires. You don't like it? Ok bye, you're fired, and we'll complain to the news reporter on TV, about how nobody wants to work any more nowadays.

mdorazio 5y ago
Labor shortages weren’t a very big thing a month before the pandemic, so you have to ask yourself what changed. In many cases it’s that people got comfortable being paid a decent amount to not work, from the pandemic payouts. It’s a really interesting time to be looking at the economics of everything and see how this will play out over the next 12-18 months.
- ElFitz 5y ago
  Perhaps it’s only that, for the first time, they got some time to reflect on their job and actually notice the impact it had on their lives and health, realised it had never been worth it, and want to find something else?
  - spydum 5y ago
    I think it is closer to that. A lot of people were complacent in their jobs, and not nearly tapping their potential (market or otherwise). I can't tell you how many people I know or heard 2nd hand got furloughed or laid off, then landed a significantly better paying gig and never went back (sometimes wildly different industries). If they were never forced to change, I guarantee most would have stayed.
    - dillondoyle 5y ago
      Or got laid off, took the stimi, got more education to switch careers. I know 2 and I don't have a bunch of friends.

malwarebytess 5y ago

Come on, it's obvious what the cause is. We meddled with and shut down large parts of the world economy. What hubris wouldn't expect there to be problems of rubberbanding supply and demand when we so deigned to restart them? This was a problem that was forecasted by many heterodox shutdown detractors. These "shortages" are caused by our politicians and bureaucrats making terrible decisions unilaterally.

amanaplanacanal 5y ago
What percentage of the world economy was really shut down, though? Looks like US GDP was down 3% in 2020.

lifeplusplus 5y ago

This is downstream effects of housing crisis. Rents have finally hit a point where even slaving away at minimum wage is not enough. Why live and work in a place where even after full time you will only further go in debt. How about just move to cheaper area or do go in debt but might as well do something less stressful. Either way financial situation is gonna be same.