Portion of the increase in U.S. corporate profit margins since 2001 that has come from depressed wages : 3/4posted by mullingitover at 7:47 PM on November 11, 2011 [43 favorites]
Some of the complaints about skill shortages boil down to the fact that employers can't get candidates to accept jobs at the wages offered. That's an affordability problem, not a skill shortage. A real shortage means not being able to find appropriate candidates at market-clearing wages. We wouldn't say there is a shortage of diamonds when they are incredibly expensive; we can buy all we want at the prevailing prices.posted by TheophileEscargot at 12:47 AM on November 12, 2011 [7 favorites]
Well, there are various things that can happen, no?3 then 2
1. Prices rise to the level where producers can find employees
2. Economic conditions worsen to the point where indigenous employees are willing to do the work to a high enough standard
3. Producers in affected areas go out of business because they can't compete. Business goes to other states or other countries
I'm betting on (3).
On March 8, 2005, Yum! Brands, Inc., parent company of Taco Bell, agreed to all of the CIW's demands, including:Do I pay more when I go to T-Bell now? Sure. Is it because of the tomato pickers? Partially, but food in general has gone up and it's not all because of the crazy commie unions out their fighting for a fair share.
The first-ever direct, ongoing payment by a fast-food industry leader to farmworkers in its supply chain to address sub-standard farm labor wages (nearly doubling the percentage of the final retail price that goes to the workers who pick the produce);
The first-ever enforceable Code of Conduct for agricultural suppliers in the fast-food industry (which includes the CIW as part of the investigative body for monitoring worker complaints);
Market incentives for agricultural suppliers willing to respect their workers’ human rights, even when those rights are not guaranteed by law;
100% transparency for Taco Bell’s tomato purchases in Florida.
« Older When Rebecca Coriam vanished from the Disney Wonde... | My dad taught me cashflow with... Newer »
This thread has been archived and is closed to new comments
"Right now, American manufacturing is struggling to fill 200,000 vacant positions. There are 450,000 openings in trades, transportation and utilities. The Skills Gap is real, and it’s getting wider. In Alabama, a third of all skilled tradesmen are over 55. They’re retiring fast, and no one is there to replace them.
Alabama’s not alone. A few months ago in Atlanta I ran into Tom Vilsack, our Secretary of Agriculture. Tom told me about a governor who was unable to move forward on the construction of a power plant. The reason was telling. It wasn’t a lack of funds. It wasn’t a lack of support. It was a lack of qualified welders.
In general, we’re surprised that high unemployment can exist at the same time as a skilled labor shortage. We shouldn’t be. We’ve pretty much guaranteed it."
posted by MonkeyToes at 6:13 PM on November 11, 2011 [31 favorites]