Labor shortage
Posted: June 28, 2021
We are currently experiencing longer than usual lead times and increased costs due to supply chain issues, costs of goods, and a lack of labor.
Here is an explanation and short video on why and what our economy is currently experiencing, by Mark Moss:
Just over a year ago in 2020, employment spiked from a historical low of 3% — all the way up to over 15%, as businesses were forced to close. Now today, (over a year later), this number has fallen to about 6%, which is still twice as high as where we were, before the forced economy shutdown happened. But today, the U.S. is facing a different, and actually a paradoxical problem. Where as today, people are not having trouble finding jobs, but instead, jobs are having problems finding workers.
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