Labor shortage
- Thread starter twenty02
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The wife and kid were at my house all day. The choice wasn't that hard.
ps. I love them both dearly but time apart is necessary
pps. shhh...they thought i was required to return.
692,000 new hires in June. Maybe the labor shortage was temporary? That is a lot of new hires (and no, I am not crediting any politician for that number, just stating that is an amazing number). Leisure and hospitality went up 330,000 on its own. I wonder if part of the issue was COVID school closings. Summer programs started up, so parents with kids had something they could go to for childcare.
Someone paying $15/hour to do hard work will never be able to compete with the government offering a similar rate for someone not to work.
I keep wondering why the richest country that has ever existed has so many jobs paying $15/ hour
How do you think we got so rich?
If the government paid you 3X'smore than what you normally make, to stay, WTF would you do? I say pay folks the $$$ who are working..
People are mostly paid for their value...It is what it is. SHould an 18 year old kid flipping burgers at McDonalds, who dropped out of school, be on the same pay scale as a 22 year -old, with a trade skill?
There is absolutely no shame in working at a Burger King, McDonalds, etc, etc....But, there is a reason people work the drive thru at 30 years old...Why should they make more, or the same, as someone laying brick?
The minimum wage needs to be more. No doubt. But not at $15 hour. That's insane.
Come on man!! The kid flipping burgers deserves the same as kid with trade school degree. The new America with the socialist in charge.
I'm not smart enough to come up with a number, but chances are they both deserve more. Our current economy is very uneven right now when it comes to compensation. The median personal income is a bit over 35K, while a full-time minimum wage job earns you about 15K. I'm not sure how close the minimum full-time wage should be to the median income, but my gut tells me it should be a bit closer than it is right now.
those working fast food are far more beneficial to me than bricklayers.
that said, workers are not paid according to the value they add to society, they are paid the absolute least they can be paid, regardless of value added to society.
high speed traders, many fund managers and investment bankers, many wealth hidding specialists, corporate lobbyists, and others among the highest paid individuals in the country, actually have a hugely negative value to society.
they contribute zero to society, and detract a huge amount.
many who contribute greatly to society, make far less than a living wage with no healthcare benefits.
Fast food workers are more beneficial than those who are needed to build houses, buildings--like hospitals, police stations, fire stations, etc, etc...?? Interesting.
I never said "value added to society"---I said THEIR value. I've always told our new hires---"if you give a $10 hour effort---well, thats what you will make." I don't care if people we hire donates their time Habitat for Humanity....animal shelters---or help old ladies cross the street. I care that they can do the job. Hence, most earn what their value is.
We start paying McDonald employee's $15 hour to start, ummm, its gonna cause a huge problem.
Agree...But that median isn't $15 an hour to say, "welcome to McDonalds.."
To be honest, I'm not sure we even need a minimum wage at the moment. The market seems to be taking care of the problem. Nobody is getting hired at any McDonald's anywhere at anything less than $10-11.
But that could change in an instant when the labor shortage is over.
huge problem for whom?
certainly not McDonalds employees, or their customers, or the non Fed driven economy in general, which is a consumer driven economy, and the working class make up the biggest population of consumers.
reality is, food stamps and the new payments to families with children are the govt subsidizing businesses that refuse to pay a living wage.
i'd much rather mandate a living wage, than subsidize businesses that refuse to pay one.
Take your pick---construction companies---shit basically any company where some manual labor is involved. If you are looking for a job, and you have a choice of making $15 an hour at Arbys, or $15 an hour as a construction laborer---what you gonna choose? It will cause a shortage with companies like such, i.e. brick layers, home builders, plumbing helpers, lawn care workers, wood manufactures, factory workers, etc, etc...To compensate, companies will have to raise their wages----Now you will have companies like ours, being forced to hire people in, with no exp, at $15 an hour, to compete...Then, we'll have to raise the pay of those who have been with us for a good spell, to keep them happy...Hard to justify paying a guy with no or very little experience, more or the same as a guy who has been with us 1-2 years.. And it will just continue to trickle down---Now prices go up. Now our contractors have to charge customers more..
All so we can a pay grill guy at Burger King, $15 an hour.
Like my pops always said---You wanna make more money---put yourself in a position to do so.
Exactly.
The idea that a burger flipper adds enough value to justify $15/he is silly. 95%+ of the entire population could work fast food. It's basic supply and demand that was covered in E201 during the first week of class as a refresher.
Comparing that to a trade isn't apple to apples. Dropping fries, starting a timer and pulling the fries when the timer beeps isn't close to learning a trade.
About six weeks ago, I sat at a drive-through speaker at a Wendy's for about 30 minutes, waiting and waiting. Finally, a frustrated female came on the speaker and said, "I'm doing the best I can but I'm the only one here."
Imagine that -- she was taking orders by phone or email (but not the drive-through speaker) and trying to cook too. I didn't know she was alone, because customers were not allowed inside at that time. So, I left and went to a nearby McDonalds (which also was understaffed but not as much).
Anecdotal, I know, but it seems clear there is pressure on restaurant owners to pay more even without a higher minimum wage.
The crowd that needs to understand are the same ones that think cow turds are going to end the world.
It’s not that hard to figure out when the labor shortage for restaurant and other low paying jobs started.
There is no labor shortage just as there was no toilet paper shortage. Plenty of supply but hoarding has created a distribution problem.
Plenty of labor available but it is being hoarded by the government.
Yep, Value defined as what you contribute and what I can sell that contribution for and how often.. Workers at Chi-fil-a are worth more becuse they contribute more and what they contribute can be sold more times and for more each transation than say Burger King employees.
These workers will eventually be replaced by automation. Walmart is looking to replace all cashiers with self checkout
Hate to break it to you... but the local McDs around here is already paying $15/hr in an attempt to get workers. Same thing for gas station shift workers.
Nationally McDs is at about $13/ minimum and expects to be at $15 nationwide within a couple of years.
What is insane is the McDonald's CEO making $10.8 million dollars in 1 year but people griping about the peons potentially making $15/hr.
30 minutes??? At a Wendy's??? WTF is wrong with you???
Now a White Castle, that I could understand...
When you need a frosty, you need a #$%@#$ frosty!
I had been instructed to go to Wendy's by She Who Controls The Remote.
At least no more mean tweets.
www.cnbc.com
U.S. jobless claims show surprise gain, well above expectations
Weekly jobless claims totaled 419,000 for the week ended July 17, above the 350,000 estimate.
It's an old story . . . sharecroppers who lived on the land they farmed went by the wayside at the end of the Depression in part because of farmers mechanizing the farming operations.
Ever heard of Owen Whitfield?
I do a little bit now. Thanks for mentioning the story. Although the acronym for the Southern Tenant Farmer's Union is now being used for something entirely different.
Enjoyed his “take your eyes out of the sky because someone is stealing your bread” quote when referencing being concerned with what's going on around you instead of the afterlife. Never heard that before.
I've thought about making a movie called "STFU". Nobody would believe the story, though. And half the WC posters would have the vapors over the subject matter. The other half would eat brie and apple slices while watching it.
I've wondered how much Whitfield's action in 1939 might have influenced MLK's nonviolent civil disobedience principles, if any.
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