Tf you mean bruh. I’m in the IBEW and my local pays 70 an hour, double on weekends with full benefits and 4 different pensions. 70 an hour and that’s the lowest out of the big 4 in the Bay Area.
@@ebubeawachie union electrician. My local pays 70 an hour, 120 total package. I think SF pays 83 with total package being 123. They’re the strongest local in our union and in our area.
*Remember: Businesses won't pay you properly until they DESPERATELY need you* Businesses loathe labor costs, and if possible they will give only the bare minimum
I'm seeing it in manufacturing, in the midwest usa......manufacturing facilities desperately need skilled workers, but they STILL don't want to pay a good wage. I'm sure this isn't true throughout the entire industry, but here in my part of this country it certainly is true.
Corporations will always favor short term profits. No one wants to play the long game and invest in their employees and treat customers right. Until then, they will continue see short term labor.
The long game? Dude, S&P returns at 12%+ a year... Corporations are doing fine. If you really think you can do better then get in the game and run your corporation and do it better otherwise I don't want to hear it. When I can invest in the company and triple my money in five years, these corporations clearly are doing better than you so if you can triple your money in 5 years then you tell me how you're doing it legally. Otherwise, either get skills so you're valuable, or, take your money and invest in the profitable corporations. Or.... Cry about it and lose. Your choice.
@Tential1 corporation have no incentive to fix anything....it's always better to patch it up and charge you to come back every single time. They tell the government to training their employees and then ask for a tax cut.
So, corporations are bad, because they don't improve the society, they focus only on short term profits, because that's what the CEO's bonus is directly based on.
The labor shortage problem is largely driven by corporations. They have outdated or non-existent training programs for people that do get hired, they largely don't invest financially in their employees via benefits and pay, and their expectations for many entry level jobs is for you to already have some experience. WHY CAN'T WE FIND EXPERIENCED EMPLOYEES WILLING TO WORK FOR NOTHING!? - US Corporations
They don't actually need new people, they are mainly hiring approach competitors. Facebook will hire engineers and have them work 4 hours a week just to make sure they aren't working at a competitor. And pay them a million dollars a year to do it. Some companies are only posting job openings just to make it look like they are looking for people. There isn't a shortage otherwise you would be able to ask for a raise because you couldn't be replaced, but yet if you quit they will replace you easily. Thus, no leverage.
When the CEO makes almost 400X the average non-supervisory worker you really have to think the system is completely broken. If someone gave me 2 million dollars today (tax-free) I could live the rest of my life (30 years) without working and pay all my bills. 400 X 30K = 12M per/year. 7-8 million after taxes.
to be somewhat fair too, many millenials I know are too lazy to actually go and grab and apprenticeship in the trades. That's not to exclude the ones that do go do it though, they're the real ones.
This partially, some building companies treat their employees horribly and pay them poorly to boot! Many of them live in mansions on the sweat and blood of their $18 an hour employees. It's no wonder that only drug addicts, alcoholics and people illegally in the country are the only ones working for these types of contractors, yet they give the entire industry a bad name and scare away many from good paying companies that provide healthy pay and benefits.
"We don't have enough workers" Their job ad:"need someone with 470000 years experience, a perfect credit score, a car no older than 5 years old, must work overtime starting at 16$ an hour"
It's simple, companies need to start paying people a living salary... No amount apprenticeships or On-The-Job training is going to change the shortage unless you address the real issue, wages. Otherwise, even if you trained them, you will still have a retention problem. They are not going to stay in the trade. They will seek better paying and easier jobs.
Partly true. However, some jobs do actually pay well; The problem with most jobs like those is that no business wants an entry-level worker. They want to milk out the few 10+ year-experience workers America has left until they no longer have a choice in the matter. Training people takes effort, and effort without profit is something businesses avoid.
@20cmusic First, why would anyone waste their time and effort to learn something that only pays little to nothing 🤔 Second. Those jobs are essential careers and more important than white-collar jobs to maintain society. They are more physically demanding and dangerous.
Then you make the company.... the reason isn't that there's a labor shortage at all, because if there wasn't companies wouldn't be able to operate. These companies have openings that they want to fill but they clearly don't need to fill them to operate. If they are desperate for more workers and it's easy to ask for a raise so go do so. If you don't find it easy to ask for a raise it's because you are replaceable. We added a ton more people with college degrees by subsidizing the living hell out of colleges and even threatening to forgive loans. So we have a ton of people with degrees, and not enough positions for people with degrees, it's even worse in China. The Labour shortage we have is for jobs people don't want.
I'm 35. My generation were told not to go into the trades. They were looked down on as menial work. Now there's a shortage (and therefore prices are rising) they're "desperately needed".
Yes, but if you try to go into trades you have to become the apprentice of a boomer who expects you to pull 80hrs a week for minimum wage or for free for as long as you can be gaslit.
i can find thousands of people looking for a livable wage every day. there is no labor shortage in any profession. the labor shortage is created by large companys not wanting to pay a livable wage, i help people start their own business
@@20cmusic Yeah the ones working 70+ Hours a week in the bay area or new york lmao. The ones near me make 23-28 bucks an hour with 4-5 years of experience. If you want the youth to join the trades you need to be upfront about it with realistic expectations, otherwise they are going to resent you when they take your advice and find out they will never own a house.
American business did this to itself. There was several times I tried to get a job like this and was turned down because I had a BA, or they didn't want to train anybody. Years before the pandemic I warned people there would be a serious shortage of skilled and educated labor, few cared. Nothing about training or retraining old workers in this report, either.
They said nursing, teaching and construction have the most labor shortages. All low paying jobs that we NEED. So the easy solution is to just pay these roles higher wages. Low supply of something? Increase the price to match demand
nursing and teaching are horrible jobs. lots of bullying in those professions. construction is filled with felons/addicts and illegal immigrants on welfare that will make more than you.
Teaching is the only one that is low paying, but it comes with excellent benefits and after getting a MS and working for 5-10 years you can earn a solid income, and teach summer school as well. Low paying is retail, a cashier, restaurant cook and working at a small service business, such as landscaping etc...
I can say from a nursing perspective nursing pays crap. When I graduated nursing school I took a pay cut. I went from server at carrabbas to night shift cardiac ICU only weekend. My pay was this $20.22 an hour $ 1.00 extra an hour for night shift $ 2. 00 extra an hour for working all weekend for the whole year except for 2. $ 1.00 extra for being charge nurse or head of the floor. So $24.22 an hour for a BSN degree, working Friday-Sunday all year, and being in charge of all the patients and nurses on the floor. Yet as a server I made about 25-30 an hour. Working random days I picked, calling out without repercussions, and with way less stress and responsibilities. I am one of those nurses getting out. Been a nurse not even 10 years and I lost my love for my career. Hospitals don’t care about anyone but $$$. Trust me Ratio use to be 3-4 patients per nurse now it’s 5-8 patients per nurse. Increase on work load without the increase in pay. Patients pay the price sadly
We experienced the peak of our era, and now it is gone. Recession is tanking everything including 401K. After the pandemic, things became extremely difficult, which is precisely when I sought a Financial advisor. I've been investing with the help of my FA for nearly a year and have built up a stagnant reserve of $180K to $570K in just over 11 months.
My retirement equities portfolio of $750K is in the reds. I keep losing because of inflation. This world will fall to the corrupt rulers in the same way that Rome did. I'm sorry if you're thinking about retiring and you're worried that your pension won't be enough to meet the rising cost of living. Horrible foreign policies everywhere, bad regulatory policy, bad fiscal policy, and bad energy policy.
I'm concerned about the future and where we're all going, particularly in terms of money and how to get by. I'm thinking about making my first investment, but how can I do so when the market has been in shambles for the majority of the year? Who is your FA?
My Financial adviser is Joseph Sylvan Anderson, he’s highly qualified and experienced in the financial market. you can look up his credentials further on the web. he has many years of experience and is a valuable resource for anyone looking to navigate the financial market
I received assistance from Sir Joseph Sylvan Anderson, and I profited handsomely from my investment. But in the end, it all comes down to how much money you invest. You might be able to earn more if you have a sizable start-up budget.
A lot of these jobs should have never required degrees to begin with most of these jobs used to be done by apprenticeship programs it's ridiculous to require a degree for manual labor
it depends brother, being an electrician is extremely dangerous if you don't know what you are doing. I will gladly pay a premium to have an electrician do the job for me. for the record I am not an electrician.
Trades don't require a 4 yr degree. Most want a certification to know that you are competent and have the ability to learn. My nephew got an aviation mechanic cert from a 2 yr college and is making very good money at age 20. The company is also providing training.
@@safeandeffectivelolthey want the cert then they need you to have 3 years experience and all these random licenses that you didn’t even know existed which costs $100 each 😅 being an electrician rn isn’t fun 😂
It’s not a labor shortage never has been. It’s a wage shortage. They don’t pay enough money to make it worth it. Like they said highschoolers don’t wanna do trades. Nothing to do with them not wanting to have a career in a trade it’s that they don’t want to be POOR. Or they don’t want to be poor for years and years and years to work your way up to a fair pay when an “equal” amount of work can lead to much higher paying work through higher education. So just pay more 💁
as a electrical helper for the city i agree 100 percent. Its not a labor shortage its a wage shortage, these construction companies are makingh millions some even on city /government contracts. They just want to pocket more money thats all. Insane even in a place like nyc non-union trades are starting guys with 17-18 a hour, you can make 21-22 at a trader joes grocery store or heck even make 21-24 in a office job. This notion your gonna have to wait 4-5 years in a apprenticeship to make a good wage is not gonna fly with most people. I remeber when i left trade school companies were offering 13-15 dollars a hour here in nyc.
@grandcanyon2 IBEW local 3 NYC Electrician union a journeyman makes $61/hr. Apprentices starts out 50% of what a journeyman makes. Their total package which includes free healthcare, 3 pensions annuity, and 401k is $116.61/hr
All these shortages have solutions. Here are few options: 1. Pay a living wage 2. Make College/University cheaper. No one wants to risk getting a degree just to graduate with a $100,000+ debt 3. There should be more temporary visas available every year. Many skilled hard working people come from other countries. At the same time though the younger generation is not interested in any profession because is easier to make alot of money being a social media influencer. And let's not forget how many people during the pandemic started their small businesses and are successful now. Of course they will not be interested in getting a profession. I don't blame them 🤷♀️
All of these career paths pay a living wage, although teaching only if you are in the right state. I completely agree with your last point, we do need to more temporary visas and imgration overall. Housing costs are crushing anyone that makes under 60K a year depending where you live.
You don't need a university degree to be a plumber, or a carpenter (or the vast bulk of white collar office jobs if employers were honest) so making university "cheaper" would make absolutely no difference at all. Every plumber I know is doing very well - a formal path mixing part time courses at local colleges with proper training "on the job" leads to a well trained workforce - America should be looking to Germany to see how to do it properly. And there are new jobs that will be opening up with the shift to green power - fitting heat pumps, UHVDC line workers etc - they all need workers, who all need training.
So you want a living wage but you also want them to open the country to more workers? They don't need to raise wages if there is more supply of workers than demand. Also trades are extremely well paid. Making six figures is not uncommon. Plumbers in Seattle are making close to $200k a year as an employee. Electricians are around the same. What do you consider a living wage? Quarter million+ a year?
Translation: Private Companies arent paying the workers they have fair wages and arent interested in investing in otj training either. Therefore, in the aftermsth of a global pandemic, alot of current employees are voting with their feet and either on their way out thru premature retirement or leaving to search for for greener pastures. These companies want experienced workers out the gate that they can pay next to nothing. Therefore new university graduates are no longer going to be able to coast by finding jobs willing to hire them without internship/co-op experience and watch said companies also outsource for skilled immigrants (or undocumented migrants for jobs that are labor intensive) If the US is smart theyll try to make it easier for skilled immigrants to come over bc the government has no interest in making private corporations shape up and citizens are having less and less babies to supply the labour force after those who d!e or retire. Its only going to get harder before it even gets close to getting better.
I was in a situation similar to Tapia. My dad worked in construction, and I followed the same path. Eventually, I decided to go back to college and pursue a career in software engineering. Now, I receive praises for my hard work, but honestly, I don't work as intensely as I did in construction. I typically work around 40 hours a week and I am treated with respect and decency. I make three times the income without having to work weekends. While robots may not do carpentry now, it's likely they will before you retire.
Thanks for sharing. I’m a heavy equipment mechanic and have increased my wage by 50% in the last few years with the same company. The blue collar shift is really coming alive but they don’t realize the excess hours and mistreatment are as important as wages.
@@Chasing-the-outdoors Is there a good demand for repair and rebuilding of hydraulic cylinders on that bigger equipment? The reason I'm asking is I've been a machinist/toolmaker for the better part of 35 years and am going off on my own soon and I've always wanted to service the heavy equipment sector.
nah. if there are robots, it will be like the air force has drone pilots now. every construction worker will have a robot. More likely they will just have more specialized automated tools to do specific tasks. people who speculate on robots doing construction have never done constuction. you have to be able to combine 50 year old technology with the new methods to produce one of a kind bespoke outcomes. Not something computers can do well. We gained alot of cool toys, like man lifts, battery operated power tools, but dont shortchange the skilled part of skille dlabour. This aint a factory, you have to create a plan, buy parts and materials, use tools and execute the plan. This aint cookie cutter stuff.
This is great. I'm 28, earn $115k, work 30hrs/week, and work from home. I couldn't be happier BUT to get here is not for everyone. I'm first gen American and so many uncles are in the trades. I'm the first to go to Uni. I can tell many of my cousins would benefit from these apprenticeships or military, police, etc over college. I have to remind my family that if they go to college more than likely it'll be a waste of time/money. I hate manual labor, heat, getting hurt. Uni made sense but I also have the skills for this specific line of work vs my cousins. College is not meant for everyone and it shouldn't be needed for roles where it doesn't make sense. Don't make it a check box.
@@Bash70 There is no "real" price. Labor is a commodity and, just like every other commodity, its suppliers and consumers are free to negotiate the market price they're willing to sell/pay for it. Right now, the suppliers of labor (workers) are not willing to sell it for the price that its consumers (businesses) are offering.
*_"Getting your 4 year degree is the best way to guarantee a good paying job"_* That's been the mantra in this country since the 90s when I was in high school.
Respectfully that was also the mantra when I was in High School. ~ Class of '70!❤ To make things worse, now young people have to try to figure out how A.I. will affect their jobs. For instance, I saw a legit Doc on how radiologists may be out of a job! An A.I. can look at one million mammograms in about one second to compare to the person being diagnosed.
@@Davethreshold It's true about radiologists as one thing A.I. is very good at is pattern recognition and being able detect defects that a human eye might not pick up.
Another expense corporations and companies are no longer willing to budget for. Now you have to have X amount of years of experience before you'll even get a call back for an interview.
WhoDaThunkIt !!!! The answer is to train your own staff !!!! (just like they did in the 70's and earlier) How long until these geniuses realise if you pay more &/or treat them better then you will not have a retention problem...........
I think it's US cultural issue. If people look down on blue collar/manual labor jobs and consider them menial and lowly, then people won't go into these roles. Where I'm from in US, these careers are definitely looked down upon and young people are taught to achieve great things and follow their dreams (whatever that means), but it usually doesn't mean manual labor, which is a shame.
You have to start with value of corp and what the owner and executives make. Because you can't compare Amazon to a corp starting out with three employees Amazon can pay more but they have bunch of employees in regard jobs so instead of 20 a hr 30 an hr is probably going to be the highest and it will not make a big difference to an employee other than paying off a car ... Not a big deal. I think provide stock benefits would help a bit more
Middle class and up girls dont look at tradies. You could have a drug habbit, but if you have an office job, you are more mariagable than a tradie. big stigma, rural places dont have that tho
Here's a wild idea: The companies could make it tolerable to work for them. Pay is important, but there's no excuse not to provide all of the security that the government doesn't. Also, maybe they could stop union-busting and such.
Here's an unspoken and ignored reality: even going to school for one of these critical jobs (Like Engineering), college will not teach you how to do your job as an Engineer. Even with a degree you'll still need to learn that at work.
That's stupid. This is the reason why there is a labor shortage. College became big business and you get taught nothing about hands on training & you waste 6 years of your life and be $1,000's of debt. instead of getting real world experience out the gate. Unless your a doctor which you should go to college. But for manufacturing, plummer, construction etc. you should be able to go to a trade school apprenticeships and start working.
@@20cmusic You can't just go into a trade nowadays. You have to either be in a union, Got to college, for at least 2 years or go to Job Corp. etc. Before you can get an apprenticeship. There are a lot of barriers to get the correct training. Unless you get pick up off the streets and someone takes a chance on you to train you like in construction. The young kids nowadays don't want to go through all that when you can make a living on UA-cam. That why i'm saying college is the reason for the shortage.
I graduated from tech and companies are not hiring graduates. They want 4 years experience and I’m not kidding you not once saw a company asking a PHD for an entry level position.
That's just a myth. Employees that are trained well, likely work at a company that is well run and can pay their employees at least market rate. Why leave a job if you are happy, it pays wells and they train you so you can earn more in the future. I personally believe it is up the employee and employer to find the right position for the employee. Presuming the employer thinks the employee is work having in the first place. Don't put the tech person who has worked for 10 years into management if you know they excel at their job just to give them a raise. Develop a new position where they can add value nurtuing/mentoring new employees instead.
2:35 Japanese kohai and senpai relationship is not just related to just labor it’s applied to many different aspects… it’s been alive and ongoing way before US was even a country.
Don't blame the workers. There is no money in skilled labor today. Wages are suppressed by industry who considers training as a cost. It is cheaper to export the job to countries with cheap labor. This is a feature of unfettered capitalism.
Unions other main job was training and certifying a new tradesman. The union provided all the standardization with imput from government and industry. That all got slowly killed off under Reganomics in the 1980s.
@@rack9458 And that attitude is why employers cannot get fully staffed. Market forces dictate higher wages, employers refuse to acknowledge and then they are short workers.
@@rack9458 The fact people will not apply for the job openings at current wage offerings. If no one applies at $19.00, you have to offer $20.00. Basic market reaction until positions are filled.
@@rack9458 Inflation? Doesn't matter if the jobs a no barrier of entry low paying position that thousands of people should be qualified for. If it pays less than rent, no one will take it. And the people like you that say we should take these jobs are too tone deaf to understand that I still won't work for $22/h if it cost me $23/h to not be homeless in cities like Toronto or new York.
It would probably help also if a lot of the apprenticeship type jobs that currently exist were willing to take the initial risk on new hire since most of them ask for 3rd year apprentices which isn’t helping this problem at all since new people aren’t coming into these industry’s enough
This is a joke. The reasons there is a labor shortage is because these jobs don't pay. Pre COVID median for a seasoned carpenter was $13hr, ijln my state. That was about $1 more than working at McDonald's.
Exactly. Getting them productive and struggling will be much better. They won't get the pay they need to live off of but they'll sure be working hard and that's what this country is all about!
Ah yes, and when they are stuck making 25-30 an hour with 5+ YoE with little to no room to move upwards, wondering why they don't make enough to afford a house without working 7 12s they are going to question, where did I go wrong? Schools should show these options though, but they should also be realistic about what the pay in these fields are.
It's sad that we wait until its a problem before we do anything. Instead of making sure things don't get this bad. We have to be more proactive in this country. Apprenticeships should've never went away. We just relied on college education to give new hires real world experience.
On top paying people what they deserve for a hard days work. They need to employ our LEGAL CITIZENS and RESIDENTS only. Instead of bussing illegals into doing the work for slave wages, these corporations need to be blocked from be immune to persecution for this parasitic exploitation of people to the detriment of our youth whose our future apprentices.
At the end of the day you can say these are innovations and practical solutions. But what they also are are signs of a deteriorating society with a diminished quality of life. And its all based on greed. That said the people doing the training and apprenticing are good people and totally not part of the problem but a well motivated solution. So hats off to them. The mega corporations and Billionaires behind all our political and national decay.. not so much.
Its all intertwined, poor kids go into the trades, drink more, have unhealthy habits etc. Plus the jobs are not stimulating or rewarding. They are stressful and dirty and dull
@@safeandeffectivelol no I shouldnt have said that. Lots of people think their trade job is stimulating and or rewarding and office jobs can be too. People in offices do all kinds of stuff. I like managing people, calling other people at different companies doing business, figuring out how to solve problems for my company, that can be done from behind a desk or sometimes in the field. But trades jobs are linked to morbidity ie worse health, and diseases. Theres alot of factors in what makes a job good or bad
@@safeandeffectivelol If you look at the lists of most desired jobs, like CNBC's, you'll see office jobs at the top. Even the companies that people jobseekers most want to work for are primarily white-collar ones.
Some industries are horrible at marketing their professions, speaking to what they do, what an apprenticeship is and how a workers can benefit from it. I recall throughout high school we would have a week "Career Week" and many professions would come talk with the students and actively recruit. The colleges came, police and fire departments, doctors and the military. The trades (electricians, plumbers, hvac, mechanics, carpenters, construction, etc.) never came...ever Whether or not you believe everyone has to go to college, colleges get first dibs on high schoolers because they actively recruit.
Technicians aren’t getting treated much better even though the need is so high. I work in hydraulics. 20 years ago, you needed to understand simple systems with no electrical. Today, you need computers and tech just to troubleshoot the simplest units we have. The technicians have to evolve, you need someone willing to do manual labor but can also think in a way that fits a white collar job. Many coworkers that would have been considered ideal 10-20 years ago are struggling with the amount of abstract knowledge needed to solve problems now.
On the job training is necessary in today's world. Making a living is top priority and going to college to gain that knowledge takes time-time that people don't have.
I got trained on the job at a tech company to be a loan officer took me 3 months after training for 2 months to get comfortable with it but I made good money 60k+ bonus and I had come from retail.
Easy. Pay a living wage. Sometimes it is cheaper to stay home when you compare it with paying for work expenses like childcare/transportation costs/wardrobe/lunch.
@@monacoofthebluepacific2571 We did that before. Did the math, and it was cheaper for one of us to not work. And the kids had a full time parent available for school stuff/homework/home food. Quality of life and happiness went up 1000%.
That's what I did; I was 2/3 the way done with my Bachleor's in accounting and had worked in the office for 7 years because I had done well in school. I disliked sitting at a computer all day and just toughed it out. I'm now in an electrical apprenticeship program and am much happier! I like working with my hands.
when it comes to engineering things have changed of course. decades ago an engineer would get their EIt (engineer in training) certificate. they would typically work at one place for 5 years under supervision of and engineer with a PE certificate (professional engineer). the EIT would be paid reasonable wages and after 5 years they would take their PE test and become a PE after being trained by the PE. Now many companies don't have the stability needed for that 5 year period and many jobs are contract and temp. If an engineer moves into a contract or temp position they become a sole proprietor and have to go by rules of thumb as to what to charge. This is a much different situation than decades ago.
If there were cheaper childcare options, pregnant women wouldn’t go out of the working force. Also, free of charge colleges, universities and technical schools would help to close that gap in industries. It’s not the shortage of workers, it’s many other problems, including wages, and the lack of educational opportunities.
You're fine wanting to pay cheap for childcare and ignore how your childcare provider will make a living, but upset when a corporation wants to pay cheap for labor and ignore how you'll make a living. Funny how that works.... How you act just like the corporation you say it evil....
@@Tential1 when I say cheaper childcare, I also mean childcare provided and subsidized by either the government or the company that the women works for. I’m not saying that childcare labor should be payed less 🙄
@@isabellamartins1520 any excuse for them to raise taxes and mis manage money even more so is a no go. Make the employers. We have free education programs and struggle to find takers
Employers: we want 3-5 years of experience and a college degree for this entry level position, and we will pay you just enough to buy food so you continue that project.
Long, angry post: 0:00 "The US economy still has a massive massive labor shortage." • No it doesn't. It has a wage shortage. Companies have plenty of money to pay people more, but they refuse. No one wants to put up with horrible jobs that pay nothing when rent is sky high. 0:09 "obviously the pandemic exacerbated the problem." • The cost of living and company profits going up year after year for decades, but average wages hardly going up at all is the main problem. Wrong again. 0:52 "600 thousand nurses plan to leave the field by 2027." • 7,000 nurses walked out in New York because their company failed to reach a deal. Hospitals charge people $100,000 for an aspirin and a band-aid, yet refuse to pay the people who run the show. It's not a labor shortage - it's a wage shortage. 1:04 "4% of all public school teaching positions are empty." • It's widely known across the entire US that teachers are some of the lowest paid professionals given what they do. The United States has one of the highest GDP in the entire world. This government takes in more money than any other nation for taxes, yet only a minimal amount of it goes to paying teachers - a public service run by the government. It's not a teacher shortage problem - it's a wage problem, not to mention the absurd level of stress they face from having to put up with unruly students who are immune to any kind of punishment due to potential lawsuits from parents. 1:09 "Even the construction industry will need another 540k workers on top of the normal base of hiring to meet the demand for labor." • Carpenters, who are responsible for building houses, are paid about half of what electricians or plumbers are paid, yet are responsible for an array of different things. Construction also has one of the highest death rates of any profession, topping police or military. They aren't paid enough for what they have to do and the risk involved. It's not a worker shortage - it's a wage shortage. Wrong again. 5:13 "The auto industry has felt this sharply, especially after the massive shift to electric vehicles. 'The industry is going to be short of technicians for several years into the future and especially I think as the vehicles get more complicated and harder to fix, and that takes more technicians with higher skill levels to do that." • Wrong again. Electric vehicles require fewer parts than gas-run vehicles, making it easier to gain expertise on the more complicated parts. Open the hood of your gas vehicle. It is a myriad of different mechanical parts. A simple google search for "under the hood of a Tesla" shows a rather simple engine. That took all of 2 seconds to find. 9:40 "Maryland's Department of Education recently decided to invest $12m to expand the apprenticeship opportunities for high school students." • Our tax dollars should not have to be used to bail out companies in this way. Companies should be footing the bill by offering apprenticeship positions within the company itself. This entire video is about apprenticeships, yet it seems to push a non-traditional method of doing it. Apprenticeships being right in the very company you planned to work for is how it used to work. This will serve as yet another example of how the government bails out companies at the expense of the tax payer. Produced by: Christian Nunley, Supervising Producer: Jeff Morganteen - both of you should get an apprenticeship for journalism to retrain yourselves, because this reporting is horrible. The idea of apprenticeships is good, but the half about why there is a shortage is laughable. You are talking to a group of people (us) who aren't fooled in the least. The media keeps regurgitating these points, but they fall on deaf ears. You seem to think that if you repeat it enough, we will begin to believe it. I enjoy a lot of the documentaries that come from the many CNBC youtube channels, but this one is way off the mark.
You're an idiot if you think employees who are around sick people and children shouldn't be vaccinated. My mother is a teacher and got the vaccine pretty quickly and didn't whine about it online at all.
THERE IS NO LABOR SHORTAGE. Requirements are ridiculous, salaries are a joke but even so, people apply, and tons of companies just ghost applicants and still have the balls to hang their "help wanted" sign and say people dont wanna work. I call BS
There is no shortage. I have experience in Construccion, technology and many other things carpentry, IT and even with a college degree. I can’t find a job.
Most of this manual jobs were passed down from father to son for years. Don't know why it's not the same nowadays. That is carpenters, mechanics, brick layers and the such.
Problem is the pay I hate it when news organizations say there a labor shortage. There is no shortage! NYC plumbing union has no issues getting apprentices but these jobs pay. Some plumbers make over 200k a year. What reporters should be reporting is low pay
Considering the fact that most homes/buildings today are prefabricated (built in a factory) there won't be much need for carpenters in the near future.
If legislation was passed guranteeing workers' rights, the problem would be eliminated. Today's workplace is full of predators that harass and abuse people.
Stop telling everyone an anyone they need college . Not everyone is made out for college an they should’ve gone to trade school an work as labors an work they’re way up . If you work steady an hard you’ll make a great living an if you end up owning a company in a certain field they’ll become rich . Really rich .
We always knew this was going to happen after the Boomers retired/died off. Unfortunately, the greedy corporations refused to staff accordingly and are now crying.
@@maroon9273 Laughable. Being rapidly replaced by AI. And plus many of them have strong cases of nepotism which is why healthcare is so expensive and unfair trials when the guilty know they are dead wrong.
I will say this and have said this for over a decade. Take what Germany has done. Teach their citizens a craft in their teens. Let them figure out what they enjoy, and let the economy thrive from there. I. The USA, we're so afraid of teaching our children a craft that these craft jobs now pay more than what you would get with a college degree. Let our kids be happy with what they want to do. That will build a better society.
USA refuse to make it mandatory in non-vocation and tech schools. Also, they need to add promote after college class vocation/trade programs for college students as well.
Perfection is impossible. But if we aspire to be better every day, we can reach excellence. La perfección es imposible. Pero si aspiramos a ella podemos alcanzar la excelencia.
Video: We have a massive teacher shortage. Teachers: we're desperately underpaid and poorly treated. Video: maybe apprenticeships will help! It's so funny, because politicians pass tons of bills to spend more on "education" but nothing changes. One thing you never see in those bills is direct pay to teachers. Why? Because then the money is guaranteed to end up where it's supposed to go, and our bloated bureaucracy can't corrupt away a cut for itself.
Our state gave a 2K raise to teachers last year and I believe a 2K raise to come in 2024. People still don't want to do it. It's July and there are tons of unfilled teacher positions here. I thought about it. However, now teachers have to worry about being freely attacked by students, aimless harassment charges, working after work is over, etc. Every teacher I know has told me, "Don't do it." Even higher pay won't solve all of the issues.
job shortage exists because politicians kept telling all the kids go to college. yes i am a college graduate but college isn't for everyone. instead of getting stupid amount of student loans, you can train and get a hands on job much faster and be in better financial position.
Economics 101 would tell you that increasing wages will only result in higher inflation affecting rents, food, automobile, and clothing prices. It's a net zero gain!
Lets get 1 thing out of the way, people will work a job if the pay is good no matter how much they hate it. Money > certain things. So there is no labor shortage, maybe skill labor shortage but not labor. People will do the worst jobs if the pay is decent or good, no one is going to bust their ass working for $16-20 an hour if theyre getting shafted in taxes and rising cost of living. I dont even live near a big city and rent in small towns is going up towards $800-1050 which is insane. Unless youre making $3k after taxes its hard to live a normal life in america.
This is great! I'm 28, earn $115k, work 30hrs/week, and work from home. I couldn't be happier BUT to get here is not for everyone. I'm first gen American and so many uncles are in the trades. I'm the first to go to Uni. I can tell many of my cousins would benefit from these apprenticeships or military, police, etc over college. I have to remind my family that if they go to college more than likely it'll be a waste of time/money. I hate manual labor, heat, getting hurt. Uni made sense but I also have the skills for this specific line of work vs my cousins. College is not meant for everyone and it shouldn't be needed for roles where it doesn't make sense. Don't make it a check box.
@@maroon9273 most only consider you qualified once you have experience regardless of credentials. No matter how you slice it, employers are the ONLY ones to blame here.
You need to send recruiters to Canada. There are ten of thousands of unemployed construction workers and teachers in Canada. All you have to do is advertise a job fair that would take place over the weekend. Advertise this job fair in the local daily newspaper in Canada's cities. Take out a half page advertisement in Canada's local daily newspapers in Canada's cities (Toronto, Vancouver, etc..) Have recruiters at the job fair ready to hire Canadian teachers and tradesmen onsite. As long as you pay for their relocation and Visa expenses you'll be able to import enough tradespeople and teachers from Canada to the U.S.A. Easy peasy!!
Harvard did a study, there are 22 million people not working, but would be willing to if hired. The issue is the businesses won’t hire them for all kinds of very trivial reasons. There is zero labor shortage, plenty of people willing, all the businesses need to do is hire them, train, pay etc….
IBEW local 3 NYC Electrician union a journeyman makes $61/hr. Apprentices starts out 50% of what a journeyman makes. Their total package which includes free healthcare, 3 pensions annuity, and 401k is $116.61/hr
Nationally there are many community colleges running apprenticeship programs with local industries. The companies use the kids as a source of cheap labor. In my state the government pays a chunk of the wages...
There's a labor shortage because these companies simply aren't hiring. I work full-time and have been looking for a part-time job for almost 2 yrs now. I finally give up. It's been harder finding PT work than it was finding a FT job. They post jobs and have you wasting time filling out applications only to say they're not hiring. Why is the job posted then? And the jobs that are available only pay $8-9/hr. Or they want somebody who has nothing else to do so they can schedule you all over the place for only 15 hrs a week. They want you to think people don't wanna work so they can continue replacing us with robots and self checkout. Factor all of that in with systemic racism which failed to provide enough education and training in certain communities to be able to fill some of these jobs that require skill. You can't leave behind a large majority of your population behind for decades and still expect a strong labor force. The cost of an education is unaffordable to many and people are realizing that the salary won't pay for their degrees. People are turning down these low paying careers and are figuring out how to work for themselves now. America is its own worst enemy.
![Дон ДОН, Алаудинов и СБЕЖАВШИЕ из под Курска ахматовцы 😁 [Пародия]](http://i.ytimg.com/vi/dEfCf5IK26Q/mqdefault.jpg)
There is no, and I mean NO, labor shortage. There is a shortage of people willing to be abused for low pay.
100%
Tf you mean bruh. I’m in the IBEW and my local pays 70 an hour, double on weekends with full benefits and 4 different pensions. 70 an hour and that’s the lowest out of the big 4 in the Bay Area.
Thank you. This video is worthless.
@@Mrmudbone_gamingwhat job is this for???
@@ebubeawachie union electrician. My local pays 70 an hour, 120 total package. I think SF pays 83 with total package being 123. They’re the strongest local in our union and in our area.
*Remember: Businesses won't pay you properly until they DESPERATELY need you*
Businesses loathe labor costs, and if possible they will give only the bare minimum
Cut welfare by half and then eliminate for all able bodied and we will find out the real work force.
The second year apprentice in this video is making 50% higher than the median wage in New Zealand. I'm jealous of him.
Exactly and thank you.
@@jmrdefender510and his cost of living is much higher. His education probably is too
I'm seeing it in manufacturing, in the midwest usa......manufacturing facilities desperately need skilled workers, but they STILL don't want to pay a good wage. I'm sure this isn't true throughout the entire industry, but here in my part of this country it certainly is true.
Corporations will always favor short term profits. No one wants to play the long game and invest in their employees and treat customers right. Until then, they will continue see short term labor.
The long game? Dude, S&P returns at 12%+ a year... Corporations are doing fine. If you really think you can do better then get in the game and run your corporation and do it better otherwise I don't want to hear it. When I can invest in the company and triple my money in five years, these corporations clearly are doing better than you so if you can triple your money in 5 years then you tell me how you're doing it legally. Otherwise, either get skills so you're valuable, or, take your money and invest in the profitable corporations. Or.... Cry about it and lose. Your choice.
@@Tential1 Your comment supports his point, thanks.
@Tential1 corporation have no incentive to fix anything....it's always better to patch it up and charge you to come back every single time. They tell the government to training their employees and then ask for a tax cut.
Why would a corporation invest in an employee when they can take those skills and leave.
So, corporations are bad, because they don't improve the society, they focus only on short term profits, because that's what the CEO's bonus is directly based on.
The labor shortage problem is largely driven by corporations. They have outdated or non-existent training programs for people that do get hired, they largely don't invest financially in their employees via benefits and pay, and their expectations for many entry level jobs is for you to already have some experience. WHY CAN'T WE FIND EXPERIENCED EMPLOYEES WILLING TO WORK FOR NOTHING!? - US Corporations
They also outsourced everything to India taking advantage of visas
They don't actually need new people, they are mainly hiring approach competitors. Facebook will hire engineers and have them work 4 hours a week just to make sure they aren't working at a competitor. And pay them a million dollars a year to do it. Some companies are only posting job openings just to make it look like they are looking for people. There isn't a shortage otherwise you would be able to ask for a raise because you couldn't be replaced, but yet if you quit they will replace you easily. Thus, no leverage.
When the CEO makes almost 400X the average non-supervisory worker you really have to think the system is completely broken. If someone gave me 2 million dollars today (tax-free) I could live the rest of my life (30 years) without working and pay all my bills. 400 X 30K = 12M per/year. 7-8 million after taxes.
to be somewhat fair too, many millenials I know are too lazy to actually go and grab and apprenticeship in the trades. That's not to exclude the ones that do go do it though, they're the real ones.
@@kurtphilly go to Asia and you can have a 4-people-family to live comfortably for 2 generations with 2m ussd
It's a wage shortage.
This partially, some building companies treat their employees horribly and pay them poorly to boot! Many of them live in mansions on the sweat and blood of their $18 an hour employees. It's no wonder that only drug addicts, alcoholics and people illegally in the country are the only ones working for these types of contractors, yet they give the entire industry a bad name and scare away many from good paying companies that provide healthy pay and benefits.
"We don't have enough workers"
Their job ad:"need someone with 470000 years experience, a perfect credit score, a car no older than 5 years old, must work overtime starting at 16$ an hour"
We have pizza parties and mandatory inclusivity classes
It's simple, companies need to start paying people a living salary... No amount apprenticeships or On-The-Job training is going to change the shortage unless you address the real issue, wages.
Otherwise, even if you trained them, you will still have a retention problem. They are not going to stay in the trade. They will seek better paying and easier jobs.
Learn first and then ask more money. Nobody's going to pay more than minimum wage for simple labor.
Partly true.
However, some jobs do actually pay well; The problem with most jobs like those is that no business wants an entry-level worker. They want to milk out the few 10+ year-experience workers America has left until they no longer have a choice in the matter.
Training people takes effort, and effort without profit is something businesses avoid.
@20cmusic First, why would anyone waste their time and effort to learn something that only pays little to nothing 🤔 Second. Those jobs are essential careers and more important than white-collar jobs to maintain society. They are more physically demanding and dangerous.
I recently attended a briefing for people interested in supervisor jobs and they had the gall to say “people aren’t motivated by money”
Then you make the company.... the reason isn't that there's a labor shortage at all, because if there wasn't companies wouldn't be able to operate. These companies have openings that they want to fill but they clearly don't need to fill them to operate. If they are desperate for more workers and it's easy to ask for a raise so go do so. If you don't find it easy to ask for a raise it's because you are replaceable. We added a ton more people with college degrees by subsidizing the living hell out of colleges and even threatening to forgive loans. So we have a ton of people with degrees, and not enough positions for people with degrees, it's even worse in China. The Labour shortage we have is for jobs people don't want.
I'm 35. My generation were told not to go into the trades. They were looked down on as menial work. Now there's a shortage (and therefore prices are rising) they're "desperately needed".
This.
Stay out of the trades so we can make more money. Less people, higher pay. Go to college or be unemployed
"do what you love and the money will come" 🤪
True that.
Yes, but if you try to go into trades you have to become the apprentice of a boomer who expects you to pull 80hrs a week for minimum wage or for free for as long as you can be gaslit.
i can find thousands of people looking for a livable wage every day. there is no labor shortage in any profession. the labor shortage is created by large companys not wanting to pay a livable wage, i help people start their own business
Nobody pays more than minimum for simple labor. Experienced welders are making $100,000+ per year.
@@20cmusic no welders are not making that. send me one video or article link to prove that? Ill wait
@@20cmusic Yeah the ones working 70+ Hours a week in the bay area or new york lmao. The ones near me make 23-28 bucks an hour with 4-5 years of experience. If you want the youth to join the trades you need to be upfront about it with realistic expectations, otherwise they are going to resent you when they take your advice and find out they will never own a house.
American business did this to itself. There was several times I tried to get a job like this and was turned down because I had a BA, or they didn't want to train anybody. Years before the pandemic I warned people there would be a serious shortage of skilled and educated labor, few cared. Nothing about training or retraining old workers in this report, either.
I went to university. Didnt graduate, but when I applied to trades, I did not mention that at all
been an electrician 15 years, now I do industrial controlls for manufacturing, kept learning and developing my skills, and make great money
They said nursing, teaching and construction have the most labor shortages. All low paying jobs that we NEED. So the easy solution is to just pay these roles higher wages. Low supply of something? Increase the price to match demand
nursing and teaching are horrible jobs. lots of bullying in those professions. construction is filled with felons/addicts and illegal immigrants on welfare that will make more than you.
Teaching is the only one that is low paying, but it comes with excellent benefits and after getting a MS and working for 5-10 years you can earn a solid income, and teach summer school as well. Low paying is retail, a cashier, restaurant cook and working at a small service business, such as landscaping etc...
All of those jobs pay well
That's not the problem in nursing. The healthcare system is fuct and profit always trumps patient care
I can say from a nursing perspective nursing pays crap. When I graduated nursing school I took a pay cut. I went from server at carrabbas to night shift cardiac ICU only weekend.
My pay was this
$20.22 an hour
$ 1.00 extra an hour for night shift
$ 2. 00 extra an hour for working all weekend for the whole year except for 2.
$ 1.00 extra for being charge nurse or head of the floor.
So $24.22 an hour for a BSN degree, working Friday-Sunday all year, and being in charge of all the patients and nurses on the floor.
Yet as a server I made about 25-30 an hour. Working random days I picked, calling out without repercussions, and with way less stress and responsibilities. I am one of those nurses getting out.
Been a nurse not even 10 years and I lost my love for my career. Hospitals don’t care about anyone but $$$. Trust me
Ratio use to be
3-4 patients per nurse now it’s 5-8 patients per nurse. Increase on work load without the increase in pay. Patients pay the price sadly
We experienced the peak of our era, and now it is gone. Recession is tanking everything including 401K. After the pandemic, things became extremely difficult, which is precisely when I sought a Financial advisor. I've been investing with the help of my FA for nearly a year and have built up a stagnant reserve of $180K to $570K in just over 11 months.
My retirement equities portfolio of $750K is in the reds. I keep losing because of inflation. This world will fall to the corrupt rulers in the same way that Rome did. I'm sorry if you're thinking about retiring and you're worried that your pension won't be enough to meet the rising cost of living. Horrible foreign policies everywhere, bad regulatory policy, bad fiscal policy, and bad energy policy.
I'm concerned about the future and where we're all going, particularly in terms of money and how to get by. I'm thinking about making my first investment, but how can I do so when the market has been in shambles for the majority of the year? Who is your FA?
My Financial adviser is Joseph Sylvan Anderson, he’s highly qualified and experienced in the financial market. you can look up his credentials further on the web. he has many years of experience and is a valuable resource for anyone looking to navigate the financial market
I'm glad I came across this today because I'm writing to Joseph Sylvan Anderson right now. I sincerely hope he can assist me.
I received assistance from Sir Joseph Sylvan Anderson, and I profited handsomely from my investment. But in the end, it all comes down to how much money you invest. You might be able to earn more if you have a sizable start-up budget.
A lot of these jobs should have never required degrees to begin with most of these jobs used to be done by apprenticeship programs it's ridiculous to require a degree for manual labor
That’s so true
it depends brother, being an electrician is extremely dangerous if you don't know what you are doing. I will gladly pay a premium to have an electrician do the job for me. for the record I am not an electrician.
Trades don't require a 4 yr degree. Most want a certification to know that you are competent and have the ability to learn. My nephew got an aviation mechanic cert from a 2 yr college and is making very good money at age 20. The company is also providing training.
@@safeandeffectivelol you are right, they don’t require a degree
@@safeandeffectivelolthey want the cert then they need you to have 3 years experience and all these random licenses that you didn’t even know existed which costs $100 each 😅 being an electrician rn isn’t fun 😂
It’s not a labor shortage never has been. It’s a wage shortage. They don’t pay enough money to make it worth it. Like they said highschoolers don’t wanna do trades. Nothing to do with them not wanting to have a career in a trade it’s that they don’t want to be POOR. Or they don’t want to be poor for years and years and years to work your way up to a fair pay when an “equal” amount of work can lead to much higher paying work through higher education. So just pay more 💁
as a electrical helper for the city i agree 100 percent. Its not a labor shortage its a wage shortage, these construction companies are makingh millions some even on city /government contracts. They just want to pocket more money thats all. Insane even in a place like nyc non-union trades are starting guys with 17-18 a hour, you can make 21-22 at a trader joes grocery store or heck even make 21-24 in a office job. This notion your gonna have to wait 4-5 years in a apprenticeship to make a good wage is not gonna fly with most people. I remeber when i left trade school companies were offering 13-15 dollars a hour here in nyc.
@grandcanyon2 IBEW local 3 NYC Electrician union a journeyman makes $61/hr. Apprentices starts out 50% of what a journeyman makes. Their total package which includes free healthcare, 3 pensions annuity, and 401k is $116.61/hr
@@hmoobmikah I know that but good info thou.
All these shortages have solutions. Here are few options:
1. Pay a living wage
2. Make College/University cheaper. No one wants to risk getting a degree just to graduate with a $100,000+ debt
3. There should be more temporary visas available every year. Many skilled hard working people come from other countries.
At the same time though the younger generation is not interested in any profession because is easier to make alot of money being a social media influencer. And let's not forget how many people during the pandemic started their small businesses and are successful now. Of course they will not be interested in getting a profession. I don't blame them 🤷♀️
All of these career paths pay a living wage, although teaching only if you are in the right state. I completely agree with your last point, we do need to more temporary visas and imgration overall. Housing costs are crushing anyone that makes under 60K a year depending where you live.
You don't need a university degree to be a plumber, or a carpenter (or the vast bulk of white collar office jobs if employers were honest) so making university "cheaper" would make absolutely no difference at all. Every plumber I know is doing very well - a formal path mixing part time courses at local colleges with proper training "on the job" leads to a well trained workforce - America should be looking to Germany to see how to do it properly. And there are new jobs that will be opening up with the shift to green power - fitting heat pumps, UHVDC line workers etc - they all need workers, who all need training.
Wow, so your proposal is literally socialism. It has never worked and will never work.
So you want a living wage but you also want them to open the country to more workers? They don't need to raise wages if there is more supply of workers than demand. Also trades are extremely well paid. Making six figures is not uncommon. Plumbers in Seattle are making close to $200k a year as an employee. Electricians are around the same. What do you consider a living wage? Quarter million+ a year?
Translation: Private Companies arent paying the workers they have fair wages and arent interested in investing in otj training either.
Therefore, in the aftermsth of a global pandemic, alot of current employees are voting with their feet and either on their way out thru premature retirement or leaving to search for for greener pastures.
These companies want experienced workers out the gate that they can pay next to nothing. Therefore new university graduates are no longer going to be able to coast by finding jobs willing to hire them without internship/co-op experience and watch said companies also outsource for skilled immigrants (or undocumented migrants for jobs that are labor intensive)
If the US is smart theyll try to make it easier for skilled immigrants to come over bc the government has no interest in making private corporations shape up and citizens are having less and less babies to supply the labour force after those who d!e or retire. Its only going to get harder before it even gets close to getting better.
I was in a situation similar to Tapia. My dad worked in construction, and I followed the same path. Eventually, I decided to go back to college and pursue a career in software engineering. Now, I receive praises for my hard work, but honestly, I don't work as intensely as I did in construction. I typically work around 40 hours a week and I am treated with respect and decency. I make three times the income without having to work weekends. While robots may not do carpentry now, it's likely they will before you retire.
Thanks for sharing. I’m a heavy equipment mechanic and have increased my wage by 50% in the last few years with the same company. The blue collar shift is really coming alive but they don’t realize the excess hours and mistreatment are as important as wages.
@@Chasing-the-outdoors Is there a good demand for repair and rebuilding of hydraulic cylinders on that bigger equipment? The reason I'm asking is I've been a machinist/toolmaker for the better part of 35 years and am going off on my own soon and I've always wanted to service the heavy equipment sector.
nah. if there are robots, it will be like the air force has drone pilots now. every construction worker will have a robot. More likely they will just have more specialized automated tools to do specific tasks. people who speculate on robots doing construction have never done constuction. you have to be able to combine 50 year old technology with the new methods to produce one of a kind bespoke outcomes. Not something computers can do well. We gained alot of cool toys, like man lifts, battery operated power tools, but dont shortchange the skilled part of skille dlabour. This aint a factory, you have to create a plan, buy parts and materials, use tools and execute the plan. This aint cookie cutter stuff.
@@MrKongatthegates Comeback in 25 years.
This is great. I'm 28, earn $115k, work 30hrs/week, and work from home. I couldn't be happier BUT to get here is not for everyone. I'm first gen American and so many uncles are in the trades. I'm the first to go to Uni. I can tell many of my cousins would benefit from these apprenticeships or military, police, etc over college. I have to remind my family that if they go to college more than likely it'll be a waste of time/money. I hate manual labor, heat, getting hurt. Uni made sense but I also have the skills for this specific line of work vs my cousins. College is not meant for everyone and it shouldn't be needed for roles where it doesn't make sense. Don't make it a check box.
The labor shortage is a myth. The labor supply exists in abundance. Workers just don't wanna sell their labor for the current market price.
You mean businesses don't want to pay the real market value for labor. Don't try to twist it around.
It is like architects and engineers aren't paying a lot. Many left the fields.
Unemployment rate in the U.S is only 3.6% 😮💨
@@Bash70 There is no "real" price. Labor is a commodity and, just like every other commodity, its suppliers and consumers are free to negotiate the market price they're willing to sell/pay for it. Right now, the suppliers of labor (workers) are not willing to sell it for the price that its consumers (businesses) are offering.
@@SquizzMe Slaves were a commodity. And some people are really stupid.
*_"Getting your 4 year degree is the best way to guarantee a good paying job"_*
That's been the mantra in this country since the 90s when I was in high school.
No one said "guarantee" . It's up to you to show you have value to a company.
Respectfully that was also the mantra when I was in High School. ~ Class of '70!❤ To make things worse, now young people have to try to figure out how A.I. will affect their jobs. For instance, I saw a legit Doc on how radiologists may be out of a job! An A.I. can look at one million mammograms in about one second to compare to the person being diagnosed.
@@Davethreshold It's true about radiologists as one thing A.I. is very good at is pattern recognition and being able detect defects that a human eye might not pick up.
@@rack9458 Yes they did. You're rewriting history.
@@jonathanjohnson9611 Who said guarantee?
On the job training is a must. Investing in people.
Another expense corporations and companies are no longer willing to budget for.
Now you have to have X amount of years of experience before you'll even get a call back for an interview.
WhoDaThunkIt !!!! The answer is to train your own staff !!!! (just like they did in the 70's and earlier)
How long until these geniuses realise if you pay more &/or treat them better then you will not have a retention problem...........
I think it's US cultural issue. If people look down on blue collar/manual labor jobs and consider them menial and lowly, then people won't go into these roles. Where I'm from in US, these careers are definitely looked down upon and young people are taught to achieve great things and follow their dreams (whatever that means), but it usually doesn't mean manual labor, which is a shame.
You have to start with value of corp and what the owner and executives make. Because you can't compare Amazon to a corp starting out with three employees
Amazon can pay more but they have bunch of employees in regard jobs so instead of 20 a hr 30 an hr is probably going to be the highest and it will not make a big difference to an employee other than paying off a car ... Not a big deal.
I think provide stock benefits would help a bit more
Middle class and up girls dont look at tradies. You could have a drug habbit, but if you have an office job, you are more mariagable than a tradie. big stigma, rural places dont have that tho
This is what happens when you don’t value people and provide education for them. Corporate greed backfires one way or another.
Here's a wild idea: The companies could make it tolerable to work for them. Pay is important, but there's no excuse not to provide all of the security that the government doesn't. Also, maybe they could stop union-busting and such.
Here's an unspoken and ignored reality: even going to school for one of these critical jobs (Like Engineering), college will not teach you how to do your job as an Engineer. Even with a degree you'll still need to learn that at work.
And graduating will not guarantee pass grade NICET, FE and PE exam to get licensing in engineering.
Train people on the job, like we did for thousands of years? It'll never work. Better require them to spend $40K on college first.
That's stupid. This is the reason why there is a labor shortage. College became big business and you get taught nothing about hands on training & you waste 6 years of your life and be $1,000's of debt. instead of getting real world experience out the gate. Unless your a doctor which you should go to college. But for manufacturing, plummer, construction etc. you should be able to go to a trade school apprenticeships and start working.
College is a waste for many!!
That has worked for thousads of years. 😂
@@20cmusic You can't just go into a trade nowadays. You have to either be in a union, Got to college, for at least 2 years or go to Job Corp. etc. Before you can get an apprenticeship. There are a lot of barriers to get the correct training. Unless you get pick up off the streets and someone takes a chance on you to train you like in construction. The young kids nowadays don't want to go through all that when you can make a living on UA-cam. That why i'm saying college is the reason for the shortage.
40???
Middle class businesses don’t have enough money to pay new workers. The middle class is gone
I graduated from tech and companies are not hiring graduates. They want 4 years experience and I’m not kidding you not once saw a company asking a PHD for an entry level position.
Companies don't want to invest in employees and have them leave that's why they want experience to save on training costs.
Experience that doesn’t exist
That's just a myth. Employees that are trained well, likely work at a company that is well run and can pay their employees at least market rate. Why leave a job if you are happy, it pays wells and they train you so you can earn more in the future. I personally believe it is up the employee and employer to find the right position for the employee. Presuming the employer thinks the employee is work having in the first place. Don't put the tech person who has worked for 10 years into management if you know they excel at their job just to give them a raise. Develop a new position where they can add value nurtuing/mentoring new employees instead.
2:35 Japanese kohai and senpai relationship is not just related to just labor it’s applied to many different aspects… it’s been alive and ongoing way before US was even a country.
Don't blame the workers. There is no money in skilled labor today. Wages are suppressed by industry who considers training as a cost. It is cheaper to export the job to countries with cheap labor. This is a feature of unfettered capitalism.
Unions other main job was training and certifying a new tradesman. The union provided all the standardization with imput from government and industry. That all got slowly killed off under Reganomics in the 1980s.
Not a labor shortage. A shortage of workers willing to accept low wages.
Higher wages come with higher education or skill training. Don't blame the employer for your lack of value to a business.
@@rack9458 And that attitude is why employers cannot get fully staffed. Market forces dictate higher wages, employers refuse to acknowledge and then they are short workers.
@@toddtheisen8386 What market forces are dictating higher wages?
@@rack9458 The fact people will not apply for the job openings at current wage offerings. If no one applies at $19.00, you have to offer $20.00. Basic market reaction until positions are filled.
@@rack9458 Inflation?
Doesn't matter if the jobs a no barrier of entry low paying position that thousands of people should be qualified for. If it pays less than rent, no one will take it. And the people like you that say we should take these jobs are too tone deaf to understand that I still won't work for $22/h if it cost me $23/h to not be homeless in cities like Toronto or new York.
It's honestly so simple. Pay up
PAY PEOPLE MORE. No need to watch the rest of the video.
There is no labor shortage. There is a pay shortage for labor.
Pretty simple actually, pay a living wage.
Do more valuable work. They'll pay you enough.
Doesn't really solve a supply issue if the issue is a lack of humans to employ.
@@SweBeach2023Agree. Legal guest workers will solve the labor shortage problem
99% of companies don't do that. But they should.
Lol so many people I know are applying to jobs and don’t even get a reply in California
It would probably help also if a lot of the apprenticeship type jobs that currently exist were willing to take the initial risk on new hire since most of them ask for 3rd year apprentices which isn’t helping this problem at all since new people aren’t coming into these industry’s enough
This is a joke. The reasons there is a labor shortage is because these jobs don't pay. Pre COVID median for a seasoned carpenter was $13hr, ijln my state. That was about $1 more than working at McDonald's.
I’m just here to see you mention everything except pay raises
This is a great advertisement for the trades. This should be shown to every high schooler, so they can know their options.
Instead of them being unproductive or struggling.
Exactly. Getting them productive and struggling will be much better. They won't get the pay they need to live off of but they'll sure be working hard and that's what this country is all about!
Ah yes, and when they are stuck making 25-30 an hour with 5+ YoE with little to no room to move upwards, wondering why they don't make enough to afford a house without working 7 12s they are going to question, where did I go wrong? Schools should show these options though, but they should also be realistic about what the pay in these fields are.
It's sad that we wait until its a problem before we do anything. Instead of making sure things don't get this bad. We have to be more proactive in this country. Apprenticeships should've never went away. We just relied on college education to give new hires real world experience.
On top paying people what they deserve for a hard days work. They need to employ our LEGAL CITIZENS and RESIDENTS only. Instead of bussing illegals into doing the work for slave wages, these corporations need to be blocked from be immune to persecution for this parasitic exploitation of people to the detriment of our youth whose our future apprentices.
At the end of the day you can say these are innovations and practical solutions. But what they also are are signs of a deteriorating society with a diminished quality of life. And its all based on greed. That said the people doing the training and apprenticing are good people and totally not part of the problem but a well motivated solution. So hats off to them. The mega corporations and Billionaires behind all our political and national decay.. not so much.
It's about time to have a video on the downsides of the trades, like increased morbidity.
Its all intertwined, poor kids go into the trades, drink more, have unhealthy habits etc. Plus the jobs are not stimulating or rewarding. They are stressful and dirty and dull
@@MrKongatthegates As if an office job is exciting and rewarding
@@safeandeffectivelol no I shouldnt have said that. Lots of people think their trade job is stimulating and or rewarding and office jobs can be too. People in offices do all kinds of stuff. I like managing people, calling other people at different companies doing business, figuring out how to solve problems for my company, that can be done from behind a desk or sometimes in the field. But trades jobs are linked to morbidity ie worse health, and diseases. Theres alot of factors in what makes a job good or bad
@@safeandeffectivelol If you look at the lists of most desired jobs, like CNBC's, you'll see office jobs at the top. Even the companies that people jobseekers most want to work for are primarily white-collar ones.
Laughable. Laid off in 2020, 4000 resumes and almost 4 years later. No job.
Some industries are horrible at marketing their professions, speaking to what they do, what an apprenticeship is and how a workers can benefit from it. I recall throughout high school we would have a week "Career Week" and many professions would come talk with the students and actively recruit. The colleges came, police and fire departments, doctors and the military. The trades (electricians, plumbers, hvac, mechanics, carpenters, construction, etc.) never came...ever Whether or not you believe everyone has to go to college, colleges get first dibs on high schoolers because they actively recruit.
Technicians aren’t getting treated much better even though the need is so high.
I work in hydraulics. 20 years ago, you needed to understand simple systems with no electrical. Today, you need computers and tech just to troubleshoot the simplest units we have. The technicians have to evolve, you need someone willing to do manual labor but can also think in a way that fits a white collar job.
Many coworkers that would have been considered ideal 10-20 years ago are struggling with the amount of abstract knowledge needed to solve problems now.
On the job training is necessary in today's world. Making a living is top priority and going to college to gain that knowledge takes time-time that people don't have.
I got trained on the job at a tech company to be a loan officer took me 3 months after training for 2 months to get comfortable with it but I made good money 60k+ bonus and I had come from retail.
Easy.
Pay a living wage.
Sometimes it is cheaper to stay home when you compare it with paying for work expenses like childcare/transportation costs/wardrobe/lunch.
EXACTLY !! All of these reasons are why I quit working to become a SAHM when husband and I started having children.
@@monacoofthebluepacific2571
We did that before.
Did the math, and it was cheaper for one of us to not work.
And the kids had a full time parent available for school stuff/homework/home food.
Quality of life and happiness went up 1000%.
pay them more and they will come
That's what I did; I was 2/3 the way done with my Bachleor's in accounting and had worked in the office for 7 years because I had done well in school. I disliked sitting at a computer all day and just toughed it out. I'm now in an electrical apprenticeship program and am much happier! I like working with my hands.
when it comes to engineering things have changed of course. decades ago an engineer would get their EIt (engineer in training) certificate. they would typically work at one place for 5 years under supervision of and engineer with a PE certificate (professional engineer). the EIT would be paid reasonable wages and after 5 years they would take their PE test and become a PE after being trained by the PE. Now many companies don't have the stability needed for that 5 year period and many jobs are contract and temp. If an engineer moves into a contract or temp position they become a sole proprietor and have to go by rules of thumb as to what to charge. This is a much different situation than decades ago.
If there were cheaper childcare options, pregnant women wouldn’t go out of the working force.
Also, free of charge colleges, universities and technical schools would help to close that gap in industries.
It’s not the shortage of workers, it’s many other problems, including wages, and the lack of educational opportunities.
You're fine wanting to pay cheap for childcare and ignore how your childcare provider will make a living, but upset when a corporation wants to pay cheap for labor and ignore how you'll make a living. Funny how that works.... How you act just like the corporation you say it evil....
@@Tential1 when I say cheaper childcare, I also mean childcare provided and subsidized by either the government or the company that the women works for. I’m not saying that childcare labor should be payed less 🙄
Why should the gov pay. Then we all pay.
@@Shredxcam22 the government should pay to diminish the shortage of workers. It’s an indirect investment on the economy.
@@isabellamartins1520 any excuse for them to raise taxes and mis manage money even more so is a no go. Make the employers. We have free education programs and struggle to find takers
How to fix it? Better wages.
Employers: we want 3-5 years of experience and a college degree for this entry level position, and we will pay you just enough to buy food so you continue that project.
Long, angry post:
0:00 "The US economy still has a massive massive labor shortage."
• No it doesn't. It has a wage shortage. Companies have plenty of money to pay people more, but they refuse. No one wants to put up with horrible jobs that pay nothing when rent is sky high.
0:09 "obviously the pandemic exacerbated the problem."
• The cost of living and company profits going up year after year for decades, but average wages hardly going up at all is the main problem. Wrong again.
0:52 "600 thousand nurses plan to leave the field by 2027."
• 7,000 nurses walked out in New York because their company failed to reach a deal. Hospitals charge people $100,000 for an aspirin and a band-aid, yet refuse to pay the people who run the show. It's not a labor shortage - it's a wage shortage.
1:04 "4% of all public school teaching positions are empty."
• It's widely known across the entire US that teachers are some of the lowest paid professionals given what they do. The United States has one of the highest GDP in the entire world. This government takes in more money than any other nation for taxes, yet only a minimal amount of it goes to paying teachers - a public service run by the government. It's not a teacher shortage problem - it's a wage problem, not to mention the absurd level of stress they face from having to put up with unruly students who are immune to any kind of punishment due to potential lawsuits from parents.
1:09 "Even the construction industry will need another 540k workers on top of the normal base of hiring to meet the demand for labor."
• Carpenters, who are responsible for building houses, are paid about half of what electricians or plumbers are paid, yet are responsible for an array of different things. Construction also has one of the highest death rates of any profession, topping police or military. They aren't paid enough for what they have to do and the risk involved. It's not a worker shortage - it's a wage shortage. Wrong again.
5:13 "The auto industry has felt this sharply, especially after the massive shift to electric vehicles. 'The industry is going to be short of technicians for several years into the future and especially I think as the vehicles get more complicated and harder to fix, and that takes more technicians with higher skill levels to do that."
• Wrong again. Electric vehicles require fewer parts than gas-run vehicles, making it easier to gain expertise on the more complicated parts. Open the hood of your gas vehicle. It is a myriad of different mechanical parts. A simple google search for "under the hood of a Tesla" shows a rather simple engine. That took all of 2 seconds to find.
9:40 "Maryland's Department of Education recently decided to invest $12m to expand the apprenticeship opportunities for high school students."
• Our tax dollars should not have to be used to bail out companies in this way. Companies should be footing the bill by offering apprenticeship positions within the company itself. This entire video is about apprenticeships, yet it seems to push a non-traditional method of doing it. Apprenticeships being right in the very company you planned to work for is how it used to work. This will serve as yet another example of how the government bails out companies at the expense of the tax payer.
Produced by: Christian Nunley, Supervising Producer: Jeff Morganteen - both of you should get an apprenticeship for journalism to retrain yourselves, because this reporting is horrible.
The idea of apprenticeships is good, but the half about why there is a shortage is laughable. You are talking to a group of people (us) who aren't fooled in the least. The media keeps regurgitating these points, but they fall on deaf ears. You seem to think that if you repeat it enough, we will begin to believe it. I enjoy a lot of the documentaries that come from the many CNBC youtube channels, but this one is way off the mark.
Stop telling kids "if you don't go to college you'll be a trash man or a construction worker" as I was told 🤷♂️
Those jobs pay than most non-stem and healthcare/medical jobs
Forcing nurses and teachers to get covid shots made many leave their industry.
That was literally for public safety don't even start
You're an idiot if you think employees who are around sick people and children shouldn't be vaccinated.
My mother is a teacher and got the vaccine pretty quickly and didn't whine about it online at all.
THERE IS NO LABOR SHORTAGE. Requirements are ridiculous, salaries are a joke but even so, people apply, and tons of companies just ghost applicants and still have the balls to hang their "help wanted" sign and say people dont wanna work. I call BS
Try paying them a livable wage. That might really draw in the workers
It also might not. Then what should they do?
@@dannylengyel5830 should fun to watch the circus unfold then
There is no shortage. I have experience in Construccion, technology and many other things carpentry, IT and even with a college degree. I can’t find a job.
Qualification company post is a big problem.
Treat workers better. The end.
Most of this manual jobs were passed down from father to son for years. Don't know why it's not the same nowadays. That is carpenters, mechanics, brick layers and the such.
Problem is the pay I hate it when news organizations say there a labor shortage. There is no shortage! NYC plumbing union has no issues getting apprentices but these jobs pay. Some plumbers make over 200k a year. What reporters should be reporting is low pay
You sure it isn't because school costing over 40k in America?
Considering the fact that most homes/buildings today are prefabricated (built in a factory) there won't be much need for carpenters in the near future.
If legislation was passed guranteeing workers' rights, the problem would be eliminated. Today's workplace is full of predators that harass and abuse people.
Stop telling everyone an anyone they need college . Not everyone is made out for college an they should’ve gone to trade school an work as labors an work they’re way up . If you work steady an hard you’ll make a great living an if you end up owning a company in a certain field they’ll become rich . Really rich .
pay people more
thats literally it
🙏🏽🙏🏽🙏🏽 Love everything about this!!! Thank you CNBC
We always knew this was going to happen after the Boomers retired/died off. Unfortunately, the greedy corporations refused to staff accordingly and are now crying.
Hats to the apprentice. He knows that college is a waste of time and money. And indeed it is!
Unless it's medical and law schools. Or major where your qualified for federal and national certification/licensing.
@@maroon9273 Laughable. Being rapidly replaced by AI. And plus many of them have strong cases of nepotism which is why healthcare is so expensive and unfair trials when the guilty know they are dead wrong.
America: labor shortage.
China: jobs shortage.
I will say this and have said this for over a decade. Take what Germany has done. Teach their citizens a craft in their teens. Let them figure out what they enjoy, and let the economy thrive from there. I. The USA, we're so afraid of teaching our children a craft that these craft jobs now pay more than what you would get with a college degree. Let our kids be happy with what they want to do. That will build a better society.
USA refuse to make it mandatory in non-vocation and tech schools. Also, they need to add promote after college class vocation/trade programs for college students as well.
2:42 That man has a Xbox and karaoke system in the background LOL
Every comment addresses the issues but the video it self does not
Perfection is impossible. But if we aspire to be better every day, we can reach excellence.
La perfección es imposible. Pero si aspiramos a ella podemos alcanzar la excelencia.
Video: We have a massive teacher shortage. Teachers: we're desperately underpaid and poorly treated. Video: maybe apprenticeships will help!
It's so funny, because politicians pass tons of bills to spend more on "education" but nothing changes. One thing you never see in those bills is direct pay to teachers. Why? Because then the money is guaranteed to end up where it's supposed to go, and our bloated bureaucracy can't corrupt away a cut for itself.
Our state gave a 2K raise to teachers last year and I believe a 2K raise to come in 2024. People still don't want to do it. It's July and there are tons of unfilled teacher positions here. I thought about it. However, now teachers have to worry about being freely attacked by students, aimless harassment charges, working after work is over, etc. Every teacher I know has told me, "Don't do it." Even higher pay won't solve all of the issues.
job shortage exists because politicians kept telling all the kids go to college. yes i am a college graduate but college isn't for everyone. instead of getting stupid amount of student loans, you can train and get a hands on job much faster and be in better financial position.
One of the easiest way to fix America's labor shortage is to increase wages to 30 dollars per hour.
Economics 101 would tell you that increasing wages will only result in higher inflation affecting rents, food, automobile, and clothing prices. It's a net zero gain!
@@rack9458 Wrong. That is a myth.
@@SnarkyRC Really? Funny how inflation rose after we fought to minimum wages to $15.
@@rack9458 That had nothing to do with price increase but, good try. You should probably stop believing everything that fox news tells you.
@@SnarkyRC Nice alternative facts! 👍
Lets get 1 thing out of the way, people will work a job if the pay is good no matter how much they hate it. Money > certain things. So there is no labor shortage, maybe skill labor shortage but not labor. People will do the worst jobs if the pay is decent or good, no one is going to bust their ass working for $16-20 an hour if theyre getting shafted in taxes and rising cost of living. I dont even live near a big city and rent in small towns is going up towards $800-1050 which is insane. Unless youre making $3k after taxes its hard to live a normal life in america.
Plus, people are working two to three jobs. Skill workforce is struggling due to the applicants lack of skillset and experience as well.
This is great! I'm 28, earn $115k, work 30hrs/week, and work from home. I couldn't be happier BUT to get here is not for everyone. I'm first gen American and so many uncles are in the trades. I'm the first to go to Uni. I can tell many of my cousins would benefit from these apprenticeships or military, police, etc over college. I have to remind my family that if they go to college more than likely it'll be a waste of time/money. I hate manual labor, heat, getting hurt. Uni made sense but I also have the skills for this specific line of work vs my cousins. College is not meant for everyone and it shouldn't be needed for roles where it doesn't make sense. Don't make it a check box.
Hook me up with a job
I need help finding a job
there's no labor shortage, only dirt cheap labor shortage.
There is no Labor shortage, there is a pay shortage.
Qualifications shortages
@@maroon9273 most only consider you qualified once you have experience regardless of credentials. No matter how you slice it, employers are the ONLY ones to blame here.
"How to Fix America's Labor Shortage" and "The Spike in College Closures"....something is brewing slowly
Immigration. Deregulation. Affordable education. And affordable housing so people can actually have kids.
You need to send recruiters to Canada. There are ten of thousands of unemployed construction workers and teachers in Canada. All you have to do is advertise a job fair that would take place over the weekend. Advertise this job fair in the local daily newspaper in Canada's cities. Take out a half page advertisement in Canada's local daily newspapers in Canada's cities (Toronto, Vancouver, etc..) Have recruiters at the job fair ready to hire Canadian teachers and tradesmen onsite. As long as you pay for their relocation and Visa expenses you'll be able to import enough tradespeople and teachers from Canada to the U.S.A. Easy peasy!!
Harvard did a study, there are 22 million people not working, but would be willing to if hired. The issue is the businesses won’t hire them for all kinds of very trivial reasons.
There is zero labor shortage, plenty of people willing, all the businesses need to do is hire them, train, pay etc….
IBEW local 3 NYC Electrician union a journeyman makes $61/hr. Apprentices starts out 50% of what a journeyman makes. Their total package which includes free healthcare, 3 pensions annuity, and 401k is $116.61/hr
Labor shortage and high unemployment rate at the same time
Nationally there are many community colleges running apprenticeship programs with local industries. The companies use the kids as a source of cheap labor. In my state the government pays a chunk of the wages...
Plus, tech/vocational high schools and career centers.
10:15
Young lad: robots can never do it.
Robot: we will do it better than you.
the highest 10 percent payed members of companies should take a pay cut to offer better pay or hire more people if they really need that much help.
Companies are doing this only because they _have to._
The government needs to incentivize the private and public sector colleges with tax credits for hiring and training people with for a new trade.
There's a labor shortage because these companies simply aren't hiring. I work full-time and have been looking for a part-time job for almost 2 yrs now. I finally give up. It's been harder finding PT work than it was finding a FT job.
They post jobs and have you wasting time filling out applications only to say they're not hiring. Why is the job posted then? And the jobs that are available only pay $8-9/hr. Or they want somebody who has nothing else to do so they can schedule you all over the place for only 15 hrs a week.
They want you to think people don't wanna work so they can continue replacing us with robots and self checkout.
Factor all of that in with systemic racism which failed to provide enough education and training in certain communities to be able to fill some of these jobs that require skill. You can't leave behind a large majority of your population behind for decades and still expect a strong labor force. The cost of an education is unaffordable to many and people are realizing that the salary won't pay for their degrees. People are turning down these low paying careers and are figuring out how to work for themselves now. America is its own worst enemy.