this post was submitted on 16 Jul 2023
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I don't think shortage means what they think it means. Just because you can't find people at the price and working conditions you're willing to offer doesn't mean there's a shortage. It might just mean that you're cheap.
Well there can be a genuine shortage of people able to do a job, but that’s likely companies fault for not investing in training people to do the job in the first place.
If there aren’t enough humans to do work it’s a shortage. In fact every year more people move into retirement than young people enter the workforce. Europe is aging fast, US not that fast. Even China faces the demografic change: Average age of warehouse workers in China is 45 years.
China faces the largest demographic collapse of all. It's a ticking time bomb not just for them, but also for the global economy.