Where Did All The People Go?

Where Did All The People Go? by  for The Economic Collapse Blog

Why are companies all over the world suddenly desperate for workers?  In my entire life I have never seen anything like this.  When the labor shortage started in the United States, a lot of people blamed overly generous government handouts, but that doesn’t explain why the exact same thing is happening in nation after nation all over the globe.  There aren’t enough factory workers, there aren’t enough truck drivers, there aren’t enough port workers, there aren’t enough employees to properly staff our stores, and the shortage of doctors and nurses is becoming a major crisis in some areas.  During normal times, we were always told that the global economy was not producing nearly enough jobs for everyone, but now for the very first time we are facing an enormous worldwide labor shortage.  It is almost as if millions upon millions of people suddenly disappeared from the system.

Earlier today, I was stunned to learn that a new survey has discovered that 69 percent of global companies are having a hard time finding enough people to hire…

A survey of nearly 45,000 employers across 43 countries showed 69 percent of employers reported difficulty filling roles, a 15-year high, according to employment-services provider ManpowerGroup Inc. At the same time, 15 countries — focused in Europe and North America — reported their highest hiring intentions since the survey began in 1962.

Just a few years ago, any company that was willing to pay decent wages would be absolutely flooded by job applications.

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But now everyone can’t stop talking about the “shortage” of workers.

So where did all the people go?

Normally, global supply chains run as smooth as butter, but now they are in a complete and utter state of chaos.

And the biggest reason why they are in a complete and utter state of chaos is because there simply is not enough workers for them to operate as they usually would.

On a very basic level, we need people to make stuff, pack stuff, ship stuff, transport stuff, unload stuff and sell stuff.

Every step along the way, shortages of workers are causing major headaches, and now we are being told that this supply chain crisis “will last well into next year”

A supply chain crunch that was meant to be temporary now looks like it will last well into next year as the surging delta variant upends factory production in Asia and disrupts shipping, posing more shocks to the world economy.

Manufacturers reeling from shortages of key components and higher raw material and energy costs are being forced into bidding wars to get space on vessels, pushing freight rates to records and prompting some exporters to raise prices or simply cancel shipments altogether.

But if we had enough people to do all the jobs that needed to be done, this crisis could be resolved very rapidly.

Continue Reading / The Economic Collapse Blog >>>

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