Where is everyone working at?
In: 6379
reading this thread is hilarious as someone who applied to over 50 jobs in 3 months and got a total of 2 callbacks, both of which ended up being MLMs
There is no labor shortage. This is a myth pushed by the owner class. There real crisis is salaries not keeping up with productivity for decades, weak labor laws and cheap employers.
Next question:
Why are corporate profits up during a labor shortage?
Also, unemployment includes people LOOKING for jobs. If someone is unemployed but not trying to gain employment, they don’t go into the unemployment figure
Over here there are an insane amount of labor intensive low paying jobs. Not enough to live off of wages. I’m assuming these are the ones that are complaining about labor shortages.
There’s not. There’s a shortage of people willing to work for unlivable wages.
The employers screaming about labor shortage are mostly the ones not willing to pay their workers properly. Minimum wage is literally not enough to survive, and the younger generations are not taking it anymore.
Not sure how many will see this but in addition to aging retiring work force, lower birth rates, people being less willing to work for not enough while making someone else rich, the vast amount of money pumped into the economy by the Fed is driving problems now too.
We printed all this cash, put it into circulation, and it’s being used to try to drive economic expansion. So you take the cash, try to start or expand your business, and hit a road block that despite the investment capital there’s no human capital to go along with it. So lots more money in circulation and but not more economic activity to accompany it. if the cash weren’t in circulation, the accompanying push for people to use it would not be there, and there wouldn’t be a labor shortage. It’s a big reason why inflation is so high too.
I’m not a Biden guy, but the inflation on his watch is really rooted in things that started under his predecessor. I’m not a Trump guy either, he’s getting a pass for how all that COVID aid $$ printed on his watch is impacting us now.
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