This...."companies can't find workers" was being discussed this morning in the shop.
Maybe this group can answer the big question no one seemed to be able to this morning. Where did all the workers go in the last 2 years?????
This wasn't a big issue just a couple years ago. Restaurants had waitresses, stores were open all day, ect, ect.
everyone who could retire did any one 62+ and a bunch in their 50s
A LOT of parents with kids decided that one of them would not go back to work after covid because daycare was such an issue and they valued the time with the kids
100% of the baby boomers are >65 now
anyone who had a low level job moved up or over to another company for more pay , better benefits and more time off.
the younger workers value their time off , they are more likely to have room mates or keep living with mom and dad so they can work one job and take every minute of time off they can.
both the company I work for and the company the wife works for added more vacation time this year
I was max at 200 hours and now I will have 240 if everyone gets another week off work then you need more people to do their jobs when they are not there.
I bet you can think of someone who earned but hardly ever took vacation time or did it a few hours here or a day there , now people want long weekends and weeks off.
all of that added up
the largest age demographic leaving the work force
lots of parents leaving the work force
more vacations to cover
we were already running record low unemployment under trump 2.9% basically anyone who was employable and wanted to work had a job
then a bunch retired people I never thought were going to retire at work , they did we have 100 people and had 5 retire
and a bunch stayed home with kids
if 5% retired and 5% stayed home and you were at 2.9 now it would be more like -7.1 but since the same 2.9% are still un-hireable nor want to work it is like -10%
now you have a a worker deficit