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Here's a good video that explains what is going on. The pandemic exposed a flaw in the just in time manufacturing method(or rather the half hearted implementation that is common and applied at a global scale rather than relying on local suppliers).
Paying people not to work is only exacerbating the situation. Yet that's exactly what slow Joe wants to continue doing.
The labor needed to alleviate these shortages isn’t the kind getting unemployment right now. It’s mostly service workers paid less than $15/hour who aren’t going back to work. There’s a shortage of skilled blue collar workers that’s been brewing for decades now.
The labor needed to alleviate these shortages isn’t the kind getting unemployment right now. It’s mostly service workers paid less than $15/hour who aren’t going back to work. There’s a shortage of skilled blue collar workers that’s been brewing for decades now.
What's Biden's solution? Send more jobs to China? Open borders? Distract us with climate change and racial hate hoaxes while implementing communism in the USA? This garbage does nothing to fix the problem, but it is Joe Biden's preferred strategy. The elites love it.
What's Biden's solution? Send more jobs to China? Open borders? Distract us with climate change and racial hate hoaxes while implementing communism in the USA? This garbage does nothing to fix the problem, but it is Joe Biden's preferred strategy. The elites love it.
I couldn’t say what Biden’s thoughts are. I would say trade school incentives (because even trade school costs tens of thousands of dollars these days) would be a way to address the skilled blue collar labor shortage.
The semiconductor shortage causing a lot of these backups is caused in part by increased demand for electronics during covid times, a large factory fire in Japan, and factory shutdowns during Texas’ power shortage.
What's Biden's solution? Send more jobs to China? Open borders? Distract us with climate change and racial hate hoaxes while implementing communism in the USA? This garbage does nothing to fix the problem, but it is Joe Biden's preferred strategy. The elites love it.
Westerner92 is correct in that the problem of blue-collar worker shortages has been going on for decades. I've been reading about the problem since the early 2000's. The fact that the problem has been going on for so long, during both republican and democratic administrations and congresses, would seem to indicate the problem is beyond anything politicians can do. It is nothing less than a huge cultural change in which greater numbers of people simply don't want to do blue collar work.
Yes, those shortages are real. But yes, they will go away. They are resulting in rising prices ... which in turn, will encourage producers to ramp up production.
It appears you've never heard the phrase, "the cure for high prices is high prices."
And it's terribly ironic you attack me of having personal politics issues when you attacked Biden in your OP. LOL the hypocrisy is hilarious.
You think producers aren't producing because the price they're getting isn't high enough?
Westerner92 is correct in that the problem of blue-collar worker shortages has been going on for decades. I've been reading about the problem since the early 2000's. The fact that the problem has been going on for so long, during both republican and democratic administrations and congresses, would seem to indicate the problem is beyond anything politicians can do. It is nothing less than a huge cultural change in which greater numbers of people simply don't want to do blue collar work.
In general, skilled blue collar certifications/training costs about as much as a university degree, but then it involves often hard physical labor that breaks down your body at a young age. Not to mention how hard everyone of all political stripes pushed the importance of university education on kids in previous decades. It’s part cultural, mostly economic. The pay of blue collar work doesn’t outweigh the costs of training and physical wellness currently.
You think producers aren't producing because the price they're getting isn't high enough?
That was a bizarre response.
Producers will increase production because prices are going up and/or consumers will decrease their demand. When prices go up, that is either an indication of increased demand and/or decreased supply. When demand increases relative to supply, thus raising prices, producers react by increasing supply, or consumers react by buying less. Or a little of both. Eventually, the imbalance will resolve itself.
This is Economics 101. Do I have to show you supply and demand curves, too?
"The cure for high prices is high prices."
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