I have a friend who is looking for a better job/career, and businesses are full of sh*t.
They absolutely REFUSE to significantly raise wages/salaries.
Their answer is to SUBSIDIZE cheap labor with immigration.
Their businesses are NOT viable anymore.
My friend is not getting any bites from employers despite having a college degree and a strong five-year work record at the same company.
Businesses today live in a bubble of UNreality when it comes to the big picture of immigration, low interest rates, etc.
They just won’t pay more and yet despite the growth in productivity since the 80’s, the percentage of GDP that is going to the workers as opposed to the owners has be going down.
Owners are becoming ENTITLED.
What benefit do you think owners get by NOT hiring people?
I was a manager for ten years in the tech industry after the dot com bust. During most of that time there was no hiring. Every year we were being asked to do more on a lower budget.
If our business level could have justified hiring we would have done it. It didn't. Our own jobs depended upon not growing expenses to the point that additional layoffs had to happen.
I just had a treadmill repaired under warranty that broke last June. This was due to lack of parts. Imagine how hard things have been for the company contracted to do the repairs.