Re:Poll: 1.8M Americans have turned down jobs due to unemplo...
by greedo on Friday July 16, 2021 @07:03PM
(#27862142)
Funny that all the news articles I read where a restaurant or business increases their starting wage to north of $13/hour, they get thousands of applicants.
I think it's amazing that all the free market advocates don't want a free market for labor. If employers want more employees, they simply have to pay more.
Workforce participation is at a low because workers in low paying jobs have looked around and realized their jobs suck, are low paying, and are looking to change to a better career.
Re:Poll: 1.8M Americans have turned down jobs due to unemplo...
by blooalien on Saturday July 17, 2021 @12:57AM
(#27863612)
> … "and are looking to change to a better career."
Lotta folks done or are in process of exactly that. I know folks who learned or improved various computer skills during the lockdown time and now have zero plans of goin' back to their crappy job from before.
But it's also impossible to pay them $10k a month. It's literally not mathematically possible. It's not a case of greed. The profit margins simply aren't fat enough. Around me, they're paying $15 to $16 an hour which is pretty generous and about what I'm making right now.
At the end of the day, there is a huge shortage of labor. We know this because the workforce participation rate is at multidecade record lows. You can tell employers just to pay more, but it's not going to solve the fundamental issue. That's like trying to resolve the housing crisis by telling home shoppers to simply pay more and then wringing your hands of it.