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The Great Worker Shortage
Forbes ^ | 04/01/2015 | Steve Moore

Posted on 04/01/2015 6:59:31 AM PDT by SeekAndFind

The great conundrum of the U.S. economy today is that we have record numbers of working age people out of the labor ‎force at the same time we have businesses desperately trying to find workers. As an example, the American Transportation Research Institute estimates there are 30,000 – 35,000 trucker jobs that could be filled tomorrow if workers would take these jobs–a shortage that could rise to 240,000 by 2022.

While the jobs market overall remains weak, demand is high for in certain sectors. For skilled and reliable mechanics, welders, engineers, electricians, plumbers, computer technicians, and nurses, jobs are plentiful; one can often find a job in 48 hours. As Bob Funk, the president of Express Services, which matches almost one-half million temporary workers with emplo‎yers each year, “If you have a useful skill, we can find you a job. But too many are graduating from high school and college without any skills at all.”

The lesson, to play off of the famous Waylon Jennings song: Momma don’t let your babies grow up to be philosophy majors.

Three years ago the chronic disease of the economy was a shortage of jobs. This shortage persists in many sectors. But two other shortages are now being felt—the shortage of trained employees and of low-skilled employees willing to work. Patrick Doyle, the president of Domino’s Pizza, says that the franchises around the country are having a hard time filling delivery and clerical positions. “It’s a very tight labor market out there now.”

This shortage has an upside for workers because it allows them to bid up wages. When Wal-Mart announced last month that wages for many starter workers would rise to $9 an hour, well above the federal legal minimum, they weren’t being humanitarians. They were responding to a tightening labor market.

(Excerpt) Read more at forbes.com ...


TOPICS: Business/Economy; Society
KEYWORDS: employment; h1bvisas; helpwanted; jobs; jobsectors; laborforce; laborshortage; obamaconomy; offshoring; shortage; unemployment; workers; workershortage; workforce
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1 posted on 04/01/2015 6:59:31 AM PDT by SeekAndFind
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To: SeekAndFind

Because we pay people quite well to not work.


2 posted on 04/01/2015 7:01:19 AM PDT by A CA Guy ( God Bless America, God Bless and keep safe our fighting men and women.)
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To: SeekAndFind
we have businesses desperately trying to find qualified workers.
3 posted on 04/01/2015 7:04:52 AM PDT by thackney (life is fragile, handle with prayer)
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To: SeekAndFind
...people out of the labor ‎force at the same time ....

Out of the labor force is not synonymous with "looking for work" by any means. To the contrary, there is so much of a large part of that "out of" category where the last thing on their mind is "looking for work."

It's profitable and less stressful to just live off entitlements.

4 posted on 04/01/2015 7:06:12 AM PDT by Gaffer
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To: SeekAndFind
As an example, the American Transportation Research Institute estimates there are 30,000 – 35,000 trucker jobs that could be filled tomorrow if workers would take these jobs–a shortage that could rise to 240,000 by 2022.

What a bunch of BS. How about all the stories about there will be no more truck drivers in the future because it will automated.

5 posted on 04/01/2015 7:06:26 AM PDT by C19fan
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To: SeekAndFind

My guess is the feds have no clue how many jobs are available. Multiple recruiters listing the same job, HR departments constantly advertising non-existent jobs to keep their skills sharp and look busy, etc. With the virtual world, there’s just no way to tell.


6 posted on 04/01/2015 7:07:04 AM PDT by jjotto ("Ya could look it up!")
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To: C19fan
As an example, the American Transportation Research Institute estimates there are 30,000 – 35,000 trucker jobs that could be filled tomorrow if workers would take these jobs–a shortage that could rise to 240,000 by 2022.

Mostly drivers are quitting because of the new regulations on drivers sleep and rest times...

Makes it uneconomic with the timing of the rest/sleep periods....

....and because of the rest time there are more trucks in the parking lots....however there are not enough parking spaces for big rigs on major highways....so that drivers are forced to take their rest stops on the side of the road or on exit ramps.

7 posted on 04/01/2015 7:14:23 AM PDT by spokeshave (He has erected a multitude of New Offices, and sent hither swarms of Officers to harass our people,)
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To: jjotto
Exactly. Pick up your newspaper and scan the help wanted pages just as an exercise. We tend to have quite a few listing here in the Pittsburgh area because our economy, while not great, is still better than average.

Next, put a check mark on the following job categories:

  1. Hot field where openings chronically exceed job seekers in almost any economy.
  2. High turnover, usually for the reason that the employer sucks, the pay sucks or the work is of such a nature it is much easier and, after taxes and commuting expense, pays as well (often better) to sit on your butt and collect a government check. Sometimes all of the above.

On a good day, you will be lucky if even 10% of the listings are unchecked. And only because employment prospects in our region are above the national average. Otherwise, that number would plummet to less than 5%.

8 posted on 04/01/2015 7:21:45 AM PDT by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
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To: thackney

Two years of unemployment benefits.


9 posted on 04/01/2015 7:51:55 AM PDT by Georgia Girl 2 (The only purpose o f a pistol is to fight your way back to the rifle you should never have dropped.)
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To: SeekAndFind

Parents, when your child comes to you and wants to major in something that gives them a “Bachelor of Arts” degree, look at it long and hard before shelling out the money!! I’m not saying all of these degrees are BS, but a lot of them are!!! You might get a good education on a subject, but you won’t be acquiring a skill that is in demand in the work force. Let’s face it, the days when you went to college to “broaden your mind” with a liberal arts education are long gone. Study latin on your own time and get a degree in one of the sciences.

There’s a reason that all of these tech companies are crying for loosening restrictions on H1B visas. It’s because we don’t have enough qualified applicants filling these high tech jobs here in America! It has nothing to do with “slave labor” or driving wages down. It is very expensive to sponsor someone coming over here on H1B visas and this is America. You can sign them to a contract for several years, but you don’t own them for life.


10 posted on 04/01/2015 8:03:13 AM PDT by Old Teufel Hunden
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To: Old Teufel Hunden

Don’t look to the computer industry either. It’s cheaper for the companies to offshore the work (wages far below 50% and none of the Obamacare or other requirements).

However, people always need a haircut.


11 posted on 04/01/2015 8:10:52 AM PDT by a fool in paradise (Shickl-Gruber's Big Lie gave us Hussein's Un-Affordable Care act (HUAC).)
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To: SeekAndFind

I earned a BA in History (twenty years ago), but I knew it was important to get a practical skill under my belt so I went to community college to take accounting and computer courses. I had heard horror stories back then of ones who had Master’s degrees in Economics or even MBAs who could not even get entry level jobs (due to lack of relevant skills or experience because they were in school all of that time instead of at work).


12 posted on 04/01/2015 8:11:07 AM PDT by OttawaFreeper ("Keeping your stick down used to be a commandment, but not anymore" Harry Sinden, 1988)
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To: Old Teufel Hunden

It’s NOT just “not enough available hands” that leads to the H1B visas.


13 posted on 04/01/2015 8:11:58 AM PDT by a fool in paradise (Shickl-Gruber's Big Lie gave us Hussein's Un-Affordable Care act (HUAC).)
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To: Old Teufel Hunden

BS.

They’re playing games with the term ‘qualified’ in order to get more foreign workers. H1B doncha’ know.

They make citizens train their foreign REPLACEMENTS, before the AMERICANS are fired.

The EMPLOYERS get cheaper workers.
The DEMOCRATS get more voters.
The AMERICANS get screwed—ESPECIALLY TAXPAYERS.

What’s not to love??


14 posted on 04/01/2015 8:13:27 AM PDT by Flintlock (The 'soapbox ' failed us; the 'ballot box' was stolen. We are left with the bullet box.)
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To: SeekAndFind

Is there a worker shortage? Or a shortage of workers willing to work for the compensation offered?


15 posted on 04/01/2015 8:14:19 AM PDT by DoodleDawg
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To: SeekAndFind
The great conundrum of the U.S. economy today is that we have record numbers of working age people out of the labor ‎force at the same time we have businesses desperately trying to find workers.

Stop paying them not to work.

Oh and some companies are pretending that they can't find qualified people so they can get H1B visa holders to work cheaper.

16 posted on 04/01/2015 8:15:47 AM PDT by GeronL
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To: SeekAndFind

The bottom line is that more and more big businesses are refusing to hire qualified Americans, because they have rights, expect eventual promotions and raises with seniority, insist on a fair wage, and cannot be discarded like used Kleenex on a corporate whim.

They are easy to recognize, because they continually plead, beg for and demand more H1-B visas. It should also be of no surprise that they offshore to avoid paying taxes, and owe no loyalty to the US at all, seeing it as just a market to exploit. For this reason, they also strongly back internationalism and even socialism, because they hate paying for anything that they can get government to pay for instead.


17 posted on 04/01/2015 8:21:22 AM PDT by yefragetuwrabrumuy ("Don't compare me to the almighty, compare me to the alternative." -Obama, 09-24-11)
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To: SeekAndFind

The market is responding to the fact that government benefits are very nice right now, and there is a very real possibility of self-driving automobiles in the next 5-10 years.

Does anyone really doubt that the technology will be put in passenger cars first, rather than in commercial long-haul trucking? How will trucking companies respond when they learn they can run the trucks 24 hours / day rather than 8 hours on and then sleep and rest breaks? Is there really a future in trucking?


18 posted on 04/01/2015 8:25:26 AM PDT by FateAmenableToChange
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To: SeekAndFind

The kinds of jobs that are plentiful are the only jobs that cannot be filled by illegal immigrants, a coincidence surely.


19 posted on 04/01/2015 8:50:08 AM PDT by American in Israel (A wise man's heart directs him to the right, but the foolish mans heart directs him toward the left.)
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To: spokeshave; C19fan
As an example, the American Transportation Research Institute estimates there are 30,000 – 35,000 trucker jobs that could be filled tomorrow if workers would take these jobs–a shortage that could rise to 240,000 by 2022.

Mostly drivers are quitting because of the new regulations on drivers sleep and rest times...

Not to "worry" Mexican trucks will be flowing over the border to meet our needs..

20 posted on 04/01/2015 9:07:56 AM PDT by RnMomof7
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