Business and Economy People

Why Are So Many Jobs Slots Open?

the Daily Grind: Goes Down Smooth

The Grind:
Why are companies all over the world suddenly desperate for workers? In my entire life I have never seen anything like this. When the labor shortage started in the United States, a lot of people blamed overly generous government handouts, but that doesn’t explain why the exact same thing is happening in nation after nation all over the globe.

The Details:
There aren’t enough factory workers, there aren’t enough truck drivers, there aren’t enough port workers, there aren’t enough employees to properly staff our stores, and the shortage of doctors and nurses is becoming a major crisis in some areas. During normal times, we were always told that the global economy was not producing nearly enough jobs for everyone, but now for the very first time we are facing an enormous worldwide labor shortage. It is almost as if millions upon millions of people suddenly disappeared from the system.

Earlier today, I was stunned to learn that a new survey has discovered that 69 percent of global companies are having a hard time finding enough people to hire…

A survey of nearly 45,000 employers across 43 countries showed 69 percent of employers reported difficulty filling roles, a 15-year high, according to employment-services provider ManpowerGroup Inc. At the same time, 15 countries – focused in Europe and North America- reported their highest hiring intentions since the survey began in 1962.

Just a few years ago, any company that was willing to pay decent wages would be absolutely flooded by job applications.

But now everyone can’t stop talking about the “shortage” of workers.

So where did all the people go? Read more…

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