Of course offering more money is out of the question, right?
I mean, why bow to U.S. market economic forces when you can just import Chinese market economic forces.
Exactly.
Every tine I hear “well we just can’t find anybody” my first question is “how much are you offering?”. Followed by “maybe we should try paying more”. Not a popular sentiment with upper management though.
I recently read an article reporting that Buffalo and other small cities were experiencing a slowing of economic development because of reduction in immigration. Offering more money can be a help. Returning technical education and apprenticeships to our high schools could also help. STEM courses could be valuable. Then too, we might want to develop a more sensible immigration policy.
Because that will do a number of things
Cut into the profit margin.
Increase the break even price (which means you have to charge more)
That and you have to get people willing to relocate, who probably are employed right now.
Businesses are in a panic right now.