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Labor shortages threaten to derail economy

By tvgnus follow tvgnus   2013 May 16, 1:43am 2,811 views   19 comments   watch   nsfw   quote   share    


http://www.centralvalleybusinesstimes.com/stories/001/?ID=23429

Even while millions remain jobless •  Skill shortages a reality right now for some employers Rising rates of resignations and fewer job seekers vying for open positions could signal a return to the types of labor shortages that plagued employers during the dot.com boom, says an analysis of labor trends Thursday by outplacement company Challenger, Gray & Christmas Inc.

1   zzyzzx   ignore (2)   2013 May 16, 3:34am     ↓ dislike (0)   quote   flag      

What a joke. Labor shortages, my ass!!!

2   New Renter   ignore (11)   2013 May 16, 3:46am     ↓ dislike (0)   quote   flag      

This just in.

The job market for most STEM workers still SUCKS! The labor surplus is over 30 years old and still going strong.

3   chemechie   ignore (0)   2013 May 16, 3:51am     ↓ dislike (0)   quote   flag      

There isn't a shortage of STEM workers - there is a shortage of STEM workers that will work for what many employers want to pay them!
For example, I recently saw a job posting for a project engineer managing multi-million dollar projects start to finish, 70 hour weeks, 75% travel, professional certification (PE) required - and they were offering up to $60k/ year salary!
The reason companies are pushing so much for high tech visas is to save money over hiring Americans to do the work.

4   lostand confused   ignore (0)   2013 May 16, 4:00am     ↓ dislike (0)   quote   flag      

Well true. Extreme shortage of very skilled, qualified technology workers with decades in experience in multiple implementations of very complex projects -but willing to work at minimum wage, no benefits, no overtime and grovel at your feet for the opportunity.

This whole thing is being drummed up to increase the H1B visas from 60k to 350k+ . I believe it is in the immigration bill , along with requiring biometric records for all citizens.

5   curious2   ignore (0)   2013 May 16, 4:12am     ↓ dislike (1)   quote   flag      

"Thirty percent of hospitals are reporting shortages in specialty services... As we know, there are plenty of available individuals in the labor pool. The problem is that many are in the wrong city and cannot move because they are tied down by...home ownership or other factors."

D'oh! Just in time for federal policy (e.g. Obamacare) to increase medical demand while reducing supply, and Bubbles Ben to keep loanowners in their overpriced houses instead of letting them go BK and start over someplace else.

6   Rin   ignore (8)   2013 May 16, 4:24am     ↓ dislike (0)   quote   flag      

Let me repeat, my firm is NOT hiring in mass. We get tons of resumes from everyone: students, experience persons from related industries, experienced persons from Wall St, career changers, you name it. In fact, we don't bother with applicants anymore.

We simply talk to friends, who post upon forums like elitetrader, currency trader, and such, and see if anyone's willing to share their algos with us. Thus, we're looking for freebies. Sure, if the person is a so-called stud, he gets some probationary employment and is under someone's tutelage but on the whole, we DON'T HIRE.

7   New Renter   ignore (11)   2013 May 16, 4:47am     ↓ dislike (1)   quote   flag      

chemechie says

There isn't a shortage of STEM workers - there is a shortage of STEM workers that will work for what many employers want to pay them!

For example, I recently saw a job posting for a project engineer managing multi-million dollar projects start to finish, 70 hour weeks, 75% travel, professional certification (PE) required - and they were offering up to $60k/ year salary!

The reason companies are pushing so much for high tech visas is to save money over hiring Americans to do the work.

Link?

8   Dan8267   ignore (3)   2013 May 16, 7:11am     ↓ dislike (5)   quote   flag      

chemechie says

There isn't a shortage of STEM workers - there is a shortage of STEM workers that will work for what many employers want to pay them!

Of course, if workers ever accepted that diminished level of pay, corporations will then "want to" pay them half of that. Corporate greed knows no bounds.

Pay should be based on what you produce, not your bargaining position. That's the fundamental flaw of capitalism and why its days are numbered. There's no way we can continue using such an asinine economic system a century from now. It's too damn wasteful.

9   chemechie   ignore (0)   2013 May 16, 7:50am     ↓ dislike (0)   quote   flag      

New Renter says

Link?

Sorry, expired Craigslist add - does anybody know if they archive adds and if they do, how to access them?

10   zzyzzx   ignore (2)   2013 May 16, 11:23pm     ↓ dislike (0)   quote   flag      

Dan8267 says

Of course, if workers ever accepted that diminished level of pay, corporations will then "want to" pay them half of that. Corporate greed knows no bounds.

Pay should be based on what you produce, not your bargaining position. That's the fundamental flaw of capitalism and why its days are numbered. There's no way we can continue using such an asinine economic system a century from now. It's too damn wasteful.

Perhaps you should move to North Korea, where they practice what you preach.

11   New Renter   ignore (11)   2013 May 17, 4:10pm     ↓ dislike (0)   quote   flag      

zzyzzx says

Dan8267 says

Of course, if workers ever accepted that diminished level of pay, corporations will then "want to" pay them half of that. Corporate greed knows no bounds.

Pay should be based on what you produce, not your bargaining position. That's the fundamental flaw of capitalism and why its days are numbered. There's no way we can continue using such an asinine economic system a century from now. It's too damn wasteful.

Perhaps you should move to North Korea, where they practice what you preach.

What the duck are you talking about?

12   jazz_music   ignore (13)   2013 Dec 26, 3:28pm     ↓ dislike (1)   quote   flag      

New Renter says

The labor surplus is over 30 years old and still going strong.

STEM managers brag about how they get foreign nationals on H1-B VISA to do the work for 65% of american born pay rate. Big companies like HP, etc.

Conservatives love to whine about skills shortage so their nanny state keeps the cheap STEM labor coming. Doctors and lawyers have lobbies to grease the rats in DC so they keep their wages high by comparison.

https://en.wikipedia.org/wiki/H-1B_visa

The shortage for ever cheaper pay.

13   Tenpoundbass   ignore (14)   2014 Feb 17, 6:30am     ↓ dislike (1)   quote   flag      

chemechie says

New Renter says

Link?

Sorry, expired Craigslist add - does anybody know if they archive adds and if they do, how to access them?

You don't have to defend your post, it's preposterous that people even expect every word that is posted on the internet be backed up by someone's opinion, blog, news blurb it's just silly.
Besides most of the news that is reported, you have to "Take away" the rest of the story. As the mundane details that pike your average Patnet readers are usually glossed over, intentionally to obscure the facts.

Then most of what your saying is simple observations that the other 80% of the US who doesn't live in LA la land California would recognize as truth.

There was nothing outrageous about your claim in your post.

Tell the OP to provide a link that states otherwise.

14   HydroCabron   ignore (1)   2014 Feb 17, 7:15am     ↓ dislike (0)   quote   flag      

I'm totally in favor of cutting wages and bringing in H1B's. If corporations can't cut their costs, they just pass them on to us. I'm not paying more just so skilled workers can have more money!

15   spydah_hh   ignore (0)   2014 Feb 17, 8:51am     ↓ dislike (0)   quote   flag      

Dan8267 says

chemechie says

There isn't a shortage of STEM workers - there is a shortage of STEM workers that will work for what many employers want to pay them!

Of course, if workers ever accepted that diminished level of pay, corporations will then "want to" pay them half of that. Corporate greed knows no bounds.

Pay should be based on what you produce, not your bargaining position. That's the fundamental flaw of capitalism and why its days are numbered. There's no way we can continue using such an asinine economic system a century from now. It's too damn wasteful.

Dan,

I think this is the worst post I've ever seen you written, was your account hacked?

16   Rin   ignore (8)   2014 Feb 17, 9:30am     ↓ dislike (0)   quote   flag      

Hello,

My name is Rin Van Winkle. In 1988, I'd heard that were was an impending shortage of scientist & engineers, as the century comes to a close.

I fall asleep under a tree and wake up in 2014.

I realize that newspapers are now on computers and so I open up an electronic paper and read that there's a coming scientist and engineering shortage.

I'm thinking to myself ... 'Hey didn't this already happen, sometime when I was out for a snooze?'

17   APOCALYPSEFUCKisShostakovitch   ignore (57)   2014 Feb 17, 9:35am     ↓ dislike (0)   quote   flag      

America's only hope is to repeal the 13th and 14th Amendments, define labor unions as terrorists and eliminate taxes on billionaires!

18   Reality   ignore (8)   2014 Feb 17, 9:51am     ↓ dislike (1)   quote   flag      

Dan8267 says

Of course, if workers ever accepted that diminished level of pay, corporations will then "want to" pay them half of that. Corporate greed knows no bounds.

And workers are free to work for someone else who would pay more. Are you still working at your very first job at the starting wage? Of course not. You switch jobs in order to get higher pay. So what's wrong with employers switching workers in order to get better bang for their buck?

Pay should be based on what you produce, not your bargaining position. That's the fundamental flaw of capitalism and why its days are numbered. There's no way we can continue using such an asinine economic system a century from now. It's too damn wasteful.

Surprisingly, there have been numerous attempts at replacing the two-way freedom-of-choice system . . . all with disastrous results.

19   New Renter   ignore (11)   2014 Feb 17, 11:01am     ↓ dislike (0)   quote   flag      

CaptainShuddup says

chemechie says

New Renter says

Link?

Sorry, expired Craigslist add - does anybody know if they archive adds and if they do, how to access them?

You don't have to defend your post, it's preposterous that people even expect every word that is posted on the internet be backed up by someone's opinion, blog, news blurb it's just silly.

Well that explains most of your posts.

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