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A primary cause of unfilled jobs: Folks can't afford to live where the job is, on what the job pays. The article tosses unemployment stats. However (like every
by WarOnPrivacy 4y ago
A primary cause of unfilled jobs: Folks can't afford to live where the job is, on what the job pays.
The article tosses unemployment stats. However (like every article that does that), it doesn't mention that BLS's official unemployment figure is ~20 percentage points lower than the actual number of unemployed[1]. This means there are many more millions who could benefit from those jobs but have no realistic access to them.
> Meanwhile people are flocking to tech and finance and medical careers.
The folks flocking to well-paying jobs are typically folks who have have paid-for college - and enough cash on hand to get established where the job is. Without both of those things, the odds of high-paying tech/finance/medical employment is fairly low.
[1] If you take the total number of 16-64 working ft & pt and subtract it from the total number of 16-64, you are left with a 20% difference. Officially, this 20% is neither employed nor unemployed.
note: BLS counts people who are self-employed and people who work w/o wages (eg: cargiving) as employed. ref: https://www.bls.gov/cps/cps_htgm.htm https://www.bls.gov/cps/cps_htgm.htm
- notch898a 4y agoAlmost 10% of 16-64 are college students. A significant portion of the remainder 20% are stay at home mom/dad with no desire for a full time job.
- e_i_pi_2 4y ago> Folks can't afford to live where the job is, on what the job pays We could make some fairly simple formula like "The minimum annual pay must be at least 10% of the median house price" - the percentage can be whatever but then it automatically changes each year based on the housing market, and would help ensure that people can live near there job, which also has a side benefit of saving a bunch of time/energy on commuting