[HN Gopher] Why labor shortages could be here to stay
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Why labor shortages could be here to stay
Author : paulpauper
Score : 9 points
Date : 2023-05-26 20:20 UTC (2 hours ago)
(HTM) web link (www.axios.com)
(TXT) w3m dump (www.axios.com)
| jleyank wrote:
| Folks wanted boomers to get out of the way. Many of us have or
| will soon. This opens up positions at the top end and starts
| returning the savings to the general economy.
| [deleted]
| renewedrebecca wrote:
| 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 wrote:
| Or 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 wrote:
| If 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 wrote:
| Then you have Congress artificially restraining the pool
| knowing full well there is a dire shortage.
|
| https://www.openhealthpolicy.com/p/medical-residency-
| slots-c...
| kelseyfrog wrote:
| That's funny. You now have the AMA lobbying against the
| caps they originally lobbied for.
| massysett wrote:
| Saw 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
| faeriechangling wrote:
| Could it be a "companies don't have jobs that pay people well
| anymore" problem?
| gumby wrote:
| Immigration is the easy fix for this.
| linksnapzz wrote:
| ...sorta like putting a penny in a fuse box.
| nradov wrote:
| Analyst Peter Zeihan has been pointing out for a while that the
| number of highly productive skilled workers in the labor pool is
| going to decline temporarily just due to demographics. The Baby
| Boom generation is rapidly retiring, the Millennials are still
| too young to reach peak productivity (on average for most
| industries), and Generation X in the middle is relatively small.
| This means a period of high inflation.
|
| https://zeihan.com/demographics-part-3-the-xer-cut/
| diordiderot wrote:
| When are they going to end the Lambo and Caviar shortages?
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