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It's not a "labor shortage." It's a "companies don't want to pay people what they're worth" problem. Throw wads of cash on the table. There will be no "short
by renewedrebecca 3y ago
It's not a "labor shortage." It's a "companies don't want to pay people what they're worth" problem.
Throw wads of cash on the table. There will be no "shortage."
- alexandre_m 3y agoOr it's really a shortage, and when you're the highest bider for a talent pool on the market what really happens is that a person who's employed will leave their current employer to work for you, therefore just creating a shortage of employees for the competitors. The validation of "shortage" is really simple. If every employer pays the same high-end market salary, is every open position filled?
- kelseyfrog 3y agoIf their business depended on it, I'm sure we would see no shortage of creative solutions like funding education or training needed to do the job. If the pool is too small, then the problem switches to growing the pool.
- vuln 3y agoThen you have Congress artificially restraining the pool knowing full well there is a dire shortage. https://www.openhealthpolicy.com/p/medical-residency-slots-congress https://www.openhealthpolicy.com/p/medical-residency-slots-c...
- kelseyfrog 3y agoThat's funny. You now have the AMA lobbying against the caps they originally lobbied for.
- massysett 3y agoSaw a great video about the Army doing this. Youth are too fat to qualify for the Army. The brass stopped complaining about it and started a “fat camp” to train recruits into shape. https://youtu.be/P-n7wXqMorU https://youtu.be/P-n7wXqMorU
- faeriechangling 3y agoCould it be a "companies don't have jobs that pay people well anymore" problem?
- pixl97 3y agoInvestors demand forever increasing returns.
- deleted 3y ago[deleted]
- than3 3y agoSo do executives, and they continue to do so until they can no longer find the skilled labor needed for the company to function. I know more than a few IT people who have early retired to build a farm. They were consistently getting low-balled, without any offsets against high inflation, and they create and maintain the automation needed to lower/remove other job requirements. Worse, just keeping up with certifications that were not based upon knowledge or skill but marketed as qualifications (fraudulently) presented additional drain. The problem with concentrating power of any kind is that the people leading fail to notice important changes and continue business as usual. That's just not going to cut it anymore when executive pay has balooned well above 2,000% what people on the ground make. The most important thing for any business is trust. Trust that the product is worth it and won't be defective, trust that the employees working there will have an equitable share in the profit of their own labor and as a result a better future. When that trust is lost, people with options use those other options. Goodwill in a workforce is incredibly important, and quite a large number of business people just don't get that and treat their workers as disposable.
- whywhywhydude 3y agoThat’s assuming that companies have high margins and just have wads of cash to throw at employees. That’s probably not true for majority of the small companies - startups, restaurants and small moms and pops shops.
- willcipriano 3y agoThose services are underpriced.
- maerF0x0 3y agoReprice them and we have more inflation
- deleted 3y ago[deleted]
- rufus_foreman 3y agoThe demand for workers at current market wages is greater than the number of workers willing to work at those wages. That is the economic definition of a shortage. One way to get rid of the shortage would be for employers to pay more. Another way would be to reduce demand for workers by raising interest rates.