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If there were even HALF as many shortages and lack of talent as Big Business claims, many of these jobs should be paying far higher than they are. But they aren't.
My other question is, how long do you think this fake shortage, for so it seems, continue before the worker supply actually gets too low as they won't train anyone new and they cause older people to retire early as they get sick of being lowballed?
Or, if you think that won't happen, what do you think is going to be the eventual "pay the piper" scenario at the end of all of this?
I think its more of a "Skills shortages for the lowest money possible" type of deal these days. We only get half the story. If you have skills and experience, you aren't going to work for bottom dollar under market wage. Employers today like to hear that.
I can tell you first, my company does invest in training at all. I was lucky to join, before the place went to hell to obtain some good OJT because we had quality management in place. Thats completely gone so most are hired from off the streets, given 1-2 weeks training and a load of work dumped on them and they get frustrated and quit. Its a constant revolving door of employees company wide and not one aspect of the business is improving in any way. You're left with a "brain drain" for a company
There is no skills shortage. If there was, then employers would have to pay premium wages to get it, but they don't have to.
Employers do want top talent. But they are not willing to pay even mediocre wages for it anymore. Wages are being dumbed down quite aggressively. This also is an indicator that there are too many skilled workers looking for jobs, since employers can get away with that.
It's because companies haven't invested in on the job training as much as they use to and have moved towards "just-in-time" hiring. In other words, training/development/retention programs are one of the first things to be cut to bolster short term profits and companies expect to be able to hire experienced (i.e. the exact fit) people in a short amount of time.
I heard a Q&A once:
Q: What happens if we train someone and they leave?
A: What happens if we don't and they stay?
People with masters degrees in math, stats, engineering, etc graduate with six figure jobs and you guys don't think companies are paying a premium for talent?
Its an unfilfilled skills shortage. Companies aren't paying because they aren't finding the people.
Companies aren't paying because they aren't finding the people.
Plenty of qualified people its just companies want people under 30 with ten years experience to work for minimum wage. This is why the breakup is unions is so detrimental to american workers. When the capitalist class is allowed to run roughshod over workers eventually nothing will stop them from having us all in chains.
Last edited by BornintheSprings; 02-02-2018 at 10:22 AM..
We will pay people with the skills we need the money necessary to get them to work for us. The fact that way too many people have butkus for skills means they wont be seeing those higher wages. Just because there is a shortage of certain skill workers doesn't mean your skill level is worthwhile to us to pay you anything more. If you're just a ditch digger in the employment world, why should a shortage of structural blast engineers cause your pay to rise?
Plenty of qualified people its just companies want people under 30 with ten years experience to work for minimum wage. This is why the breakup is unions is so detrimental to american workers. When the capitalist class is allowed to run roughshod over workers eventually nothing will stop them from having us all in chains.
We will pay people with the skills we need the money necessary to get them to work for us. The fact that way too many people have butkus for skills means they wont be seeing those higher wages. Just because there is a shortage of certain skill workers doesn't mean your skill level is worthwhile to us to pay you anything more. If you're just a ditch digger in the employment world, why should a shortage of structural blast engineers cause your pay to rise?
I don't think that we are talking about people with very little skills like ditch diggers, but about high skilled and very much in demand workers like business professionals, engineers, analysts and programmers. There are less and less high paying positions no matter how complex the skill sets are that are required for those jobs. Companies just don't want to pay good wages any more. They want to save a lot of money in labor costs.
Of course, there are still companies that pay well but there are fewer and fewer of them. It is an enormous temptation for companies to bite the bullet and sacrifice top talent for cheap talent. There is a lot of money to be saved and that is just irresistible for many companies. Since the competition for those skilled positions is so fierce from a glut of these highly skilled and highly credentialed workers, companies can get away with dumbing down wages. With the emerging gig economy, wages for high skilled workers will continue to drop, as well as getting rid of entitlements such as pensions, vacation and sick time, paid health insurance, and other perks.
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What Skills Shortages?
