Скачать или смотреть 8 signs the labor shortage crisis is here

Why aren’t people returning to work? Hire signs pop up everywhere and pay is on the rise. It’s just baffling that there are more job openings than unemployed, and more people quit in the past few months than before. We are in a labor shortage crisis that’s harmful to economic recovery and growth.

With high inflation still persistent, labor shortage will only get worse because pay raise is not catching up with the increase of price. Our current economy is heading to stagflation with high inflation rate, high unemployment rate caused by labor shortage, skyrocketing oil price and shrinking economic growth. Check out this week’s video about why we are in a labor shortage crisis and what it means for you as a homebuyer, producer and consumer.

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Video chapter:
00:00 Intro
01:20 More job openings than unemployed
01:59 Employers pay more to retain employees
03:26 The Great Resignation
05:29 Pay raise below inflation rate
06:32 Labor shortage in trade industry increases home cost
07:06 Price up, production down
08:04 employees burn out
09:00 We are in stagflation

References:
Bureau of Labor Statistics: Job openings and number of unemployed
https://www.bls.gov/news.release/pdf/...
https://data.bls.gov/timeseries/JTS00...
US Chamber of Commerce: Employee incentive to return to work
https://www.uschamber.com/press-relea...
New York Times: Salary and profit gap
https://www.nytimes.com/2021/05/20/br...
Federal Reserve Bank of St. Louis: Corporate profit and labor income gap:
https://fredblog.stlouisfed.org/2018/...
Washington Post: Job openings and labor shortage
https://www.washingtonpost.com/busine...
Business Insider: Job quitting on the rise
https://www.businessinsider.com/recor...
Harvard Business Review: Changes in care benefits
https://hbr.org/2021/04/the-pandemic-...
Bureau of Labor Statistics: Inflation (As of August 2021)
https://www.bls.gov/charts/consumer-p...
Business Insider: Trades industry labor shortage
https://www.businessinsider.com/labor...
Physician Leaders and Harvard Business Review: Employee burnout rate
https://www.physicianleaders.org/news...
The guardian: Stagflation risk
https://www.theguardian.com/business/...

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#laborcrisis #inflation #stagflation