Meet me at the bottom, don't lag behind, bring me my boots and shoes
Factory Jobs Return, but Employers Find Skills ShortageSounds good so far but ...
BEDFORD, Ohio — Factory owners have been adding jobs slowly but steadily since the beginning of the year, giving a lift to the fragile economic recovery. And because they laid off so many workers — more than two million since the end of 2007 — manufacturers now have a vast pool of people to choose from.
Here in this suburb of Cleveland, supervisors at Ben Venue Laboratories, a contract drug maker for pharmaceutical companies, have reviewed 3,600 job applications this year and found only 47 people to hire at $13 to $15 an hour, or about $31,000 a year.Wait, isn't this where your beloved 'the free market' comes into play!?
If you can't find a skilled worker at $15/hr shouldn't you pay better wages? And/or pay for training?
Not to mention companies like this shipped as many of their jobs overseas as possible to make their stockholders happy, (IOW, help the rich get richer), and now they complain that their dog they wouldn't feed is biting them.
Just a guess, but if you didn't pay upper management 100x more than labor then maybe you could afford to find/train qualified workers. At the least qualified workers could afford to move there.
Not since right before the Great Depression has income inequality been so large. One would think MBAs and CEO's would get this: Henry Ford was an *hole in so many ways, but even he understood if people can't afford to buy your product it severely limits your product's profitability.
Now for the post's title song, Working Man's Blues #2
Labels: econ 101