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Started By
Message
re: Why is there a nationwide staffing shortage for so many occupations?
Posted on 6/21/22 at 10:48 am to Cosmo
Posted on 6/21/22 at 10:48 am to Cosmo
quote:
There is no way 91% of working age people are working
The labor participation rate is 62.3%, that is why the unemployment number is kind of mythical.
There are people that do not need to work, but it has been higher
2
Posted on 6/21/22 at 10:48 am to Mingo Was His NameO
You're not wrong.
Trucking has got to change fundamentally, or we will all get fricked, bigly.
Trucking has got to change fundamentally, or we will all get fricked, bigly.
Posted on 6/21/22 at 10:50 am to gumbeaux
A ton of people who previously worked 2+ jobs in the service industry moved to virtual positions at various companies (insurance being a big one) and are getting paid more, full time, with actual benefits. Until service industry is able to offer full time (and very few will ever be capable), it's going to continue to be a problem
Posted on 6/21/22 at 10:52 am to RogerTheShrubber
quote:
the jobs worked by those who arent working now are those that typically employ lower skilled workers.
I don’t think so. That appeared to be the issue when everything started opening back up. But now businesses are having a hard time filling positions like accountants, pilots, teachers and other blue/white collar jobs.
Posted on 6/21/22 at 10:55 am to DarthRebel
quote:
The labor participation rate is 62.3%, that is why the unemployment number is kind of mythical.
Seems like the working age has just changed
The drop in olds in the work force is less than i would have thought after 2020.
Posted on 6/21/22 at 10:55 am to DarthRebel
Fun side story -
Where I live there is an intersection major road under a highway. There has been a consistent couple of beggars there. The key here is, this is located in a affluent suburbia area. There is no bus line or mass transit to get to this location. There is no "affordable" housing within 10-15 miles of this location.
How do they get there?
Next in that area, there are around 15+ help wanted signs. Every store and restaurant has them up. All those help wanted signs are within 500 yards of the beggars.
Where I live there is an intersection major road under a highway. There has been a consistent couple of beggars there. The key here is, this is located in a affluent suburbia area. There is no bus line or mass transit to get to this location. There is no "affordable" housing within 10-15 miles of this location.
How do they get there?
Next in that area, there are around 15+ help wanted signs. Every store and restaurant has them up. All those help wanted signs are within 500 yards of the beggars.
Posted on 6/21/22 at 11:05 am to The Spleen
quote:
A lot of people close to retirement decided to retire
Many will be back soon
Posted on 6/21/22 at 11:06 am to gumbeaux
I think some of the reasons are:
1) Previously working Mothers opting out of the workforce due to juggling family demands
2) Aging of America. Many opted for retirement, taking social security, vs. trying to get back into the labor force.
3) Low wages in certain sectors like food services. Some have just said it's not worth the cost of gas, getting child care, potential safety risks from Covid etc. The notation needs to be: "I can't find workers at the wage I am willing to offer".
4) Skill discrepancies between posted jobs and applicant pool.
LINK
1) Previously working Mothers opting out of the workforce due to juggling family demands
2) Aging of America. Many opted for retirement, taking social security, vs. trying to get back into the labor force.
3) Low wages in certain sectors like food services. Some have just said it's not worth the cost of gas, getting child care, potential safety risks from Covid etc. The notation needs to be: "I can't find workers at the wage I am willing to offer".
4) Skill discrepancies between posted jobs and applicant pool.
LINK
Posted on 6/21/22 at 11:07 am to LSUtoOmaha
quote:
One million people died of COVID
You can cut that number in half very easily with confidence since pneumonia, flu, and cold deaths disappeared. They account for hundreds of thousands of deaths a year
Posted on 6/21/22 at 11:08 am to gumbeaux
Shortages occur when prices are too low. In the case of labor, the price is wages. “Too low” means lower than the next best alternative, which for labor, can mean unemployment benefits, or it can mean just not doing anything. If the shortage is to end (if there truly is a shortage) then wages must be greater than the next best alternative.
Posted on 6/21/22 at 11:08 am to Oilfieldbiology
quote:
Boomers retired en masse,
Yep, and so did a lot of Gen Xers in their wearly 50s who had the money. There is not only a service industry labor shortage, there is a professional level labor shortage.
Posted on 6/21/22 at 11:09 am to gumbeaux
Gig economy put serious pain on the service industry.
Posted on 6/21/22 at 11:18 am to Tortious
quote:Its like there's 3 tiers to trucking: Rookies, experienced, and owner operators.
Not trying to start shite or disagree, just genuinely curious as to what "the rest of the industry is" vis a vis to truck driving.
Rookies are paid and treated like shite, and a lot of the companies that hire them try to rip them off as much as possible. Low pay, horrible lease purchase programs, etc.
Experienced drivers are the ones that suffered through that nonsense to get where they are now - comfortable. Last thing I heard is that a whopping 15% of drivers that are trained and hired by starter companies actually stay in the industry past the first year.
Owner-ops: The guys that own their own rigs and work either for a company at a higher pay rate or work load boards. A dying breed because these fuel prices are wiping them out.
Posted on 6/21/22 at 11:21 am to CocomoLSU
quote:
Because Americans are lazy and entitled.
FIFY
Posted on 6/21/22 at 11:22 am to xxTIMMYxx
quote:
You can cut that number in half very easily with confidence since pneumonia, flu, and cold deaths disappeared. They account for hundreds of thousands of deaths a year
If it makes the pedants feel better, everyone can just use the excess deaths (1.5m total in 2020+2021) number instead of "CoVID deaths".
Just pretend it was rocks falling out of the sky or murder hornets or whatever.
Either way, more people died than usual.
Posted on 6/21/22 at 11:27 am to Dire Wolf
quote:
unemployment was 3.6% last month, which is about as low as it can get
This percentage is manipulated almost as bad as inflation
Posted on 6/21/22 at 11:57 am to Sheep
quote:
If it makes the pedants feel better, everyone can just use the excess deaths (1.5m total in 2020+2021) number instead of "CoVID deaths".
Just pretend it was rocks falling out of the sky or murder hornets or whatever.
Either way, more people died than usual.
A little over 16% more people than usual in the US.
It was the Flying Spaghetti Monster, damn it. Open your eyes!
Posted on 6/21/22 at 12:07 pm to The Eric
quote:My youngest is in his senior year, getting a double major in Accounting/Finance, graduates in a year.
Fresh Grads have this idea that entry level jobs are beneath them. Many of them have the belief that anything not in the boardroom is a failure.
He worked an internship with a well known firm this year (tax season) and they offered him a position. They made the offer in early April with a salary & benefit package. He waited until he finished spring semester before he agreed to discuss the position with them. He contacted them early last week and they'd bumped their original offering salary +$8,000/yr.
Good for him, but it kinda pisses me off that a 23 yr old will be pulling +$60K/yr, gets 15 days paid time off from the minute he starts the job with the option to contribute to 401K after 30 days, company paid medical/dental insurance and they'll pay for all CPA exam & prep fees.
That's no at all how I started right out of college in the same field. But it is proof positive that some companies need young grads in the worst way right now.
This post was edited on 6/21/22 at 12:08 pm
Posted on 6/21/22 at 12:08 pm to RT1941
quote:
Good for him, but it kinda pisses me off that a 23 yr old will be pulling +$60K/yr, gets 15 days paid time off from the minute he starts the job with the option to contribute to 401K after 30 days, company paid medical/dental insurance and they'll pay for all CPA exam & prep fees.
He's underpaid and isn't getting as much time off as the market
Posted on 6/21/22 at 12:09 pm to RT1941
quote:
That's no at all how I started right out of college in the same field. But it is proof positive that some companies need young grads in the worst way right now.
What was the year, your salary, and benefits? Let’s apples to apples.
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