Aseahawkfan wrote:If what you say is true, then in a supply-demand labor market real wages should be rising. This labor shortage is a year old, so if it continues we should see a real rise in wages. I want to see that happen first. A short-term boost in employment can quickly be destroyed if the economy has a downturn. If the American economy needed workers like you claim for any extended period of time, then real wages would rise as a shortage in the labor supply would require employers to pay more for labor. I don't believe we've seen that yet.
Wages are a lagging indicator. Companies don't often times react ahead of time. Additionally, many wages are controlled by union contracts and will only increase as a part of the collective bargaining process. The contracts I was involved with were all 3-5 years in length.
Having said that, wages have been going up. Trump has..surprise surprise...claimed credit for them. To be fair, some of the wage growth is due to the minimum wage increases in a number of states that are mandated by law
https://tradingeconomics.com/united-states/wagesAseahawkfan wrote:I don't trust a leftist rag with an agenda pushing open borders. I read a lot of economic information. This is not common information like you state it is except in specific industries. It certainly isn't showing up in real wages yet across the board.
Which leftist rag are you talking about? The information is taken from the Department of Labor.
Aseahawkfan wrote:I knew about trucking having a shortage. Trucking still requires training. Healthcare and Tech have had shortages for years less due to the number of people and more due to the lack of education. I would like to see the data on wages in the retail sector. I believe you are overstating the problem by a good margin unless this economic strength continues unchecked.
Truck driving courses are relatively short and cheap compared to other professions. The ones I've seen are from 150-200 hours of training and cost $3-4,000. As far as health care professionals go, not all of the job openings are for positions requiring a lot of training or education, like nurses aids, medical assistants, etc.
I don't always believe numbers and stats, but in this case, those on the labor shortage lines up with our declining birth rate and aging population. They make sense, like 2 plus 2 equaling 4. Additionally, I also have plenty of contacts from my former employer, who is trying to expand, and they cite numerous difficulties in hiring and retaining new workers, and they offer very generous health care and 401K benefits. Most are discouraged because it involves odd shifts and working weekends as they're a 24/7 operation.
As far as immigrants from central America goes, you are probably correct, that there is not a lot of highly education and/or trained individuals seeking entry compared to other countries. But they do exist. I have a number of friends and co workers from central America, and they speak very good English and obtained high school equivalent education they obtained in their home countries. I'm not advocating that we let everyone in, but we need to conducting interviews, give them short tests, and make determinations on how much potential exists for an applicant to obtain non farm, full time work.