If you believe reports from employers, they’re desperate to find good workers but can’t lure them at any price. Talk to job seekers, though, or existing employees at those same companies, and you’ll hear a different story.
From job seekers’ perspectives, companies do have plenty of vacancies, but they haven’t adjusted to the massive sea change the job market has undergone in the past two years. They’re offering laughably low salaries although candidates can command far more, or requiring years of experience for “entry-level” jobs, and they’re still operating on a model of underpaying and overworking at a time when workers have much better options.
These accounts are pretty typical of what I’m hearing from job seekers, as well as from employees at companies that say they’re having trouble hiring:
• “I’ve lost count of the job ads I’ve seen that want 5–8 years of experience (in a fairly unique field) but are only paying $17–18/hour in high cost of living areas and where the job is in-person. I imagine the employers think that […]
The wealthy are only interested in Economics when it benefits them: “We have to pay high CEO salaries to attract the best talent” Never mind that there is limited connection between CEO salary and performance. When it comes to the common person the rules of economics no longer apply. This is because the wealthy have preached to the common person “do more with less’ while ignoring the laws of physics as well as economics. They have gotten by for so long in a race to the bottom for pay with neoliberal globalization that they are stunned as how to respond.