Demand for workers in America from vendors, professionals and others is on the rise due to workforce cuts during the Covid-19 pandemic, retirements, immigration restrictions and chronic illness.
A statement released by the American Chamber of Commerce said: “We have a large number of jobs and an insufficient number of workers … and this shortage affects all sectors.”
“Workers Wanted” banners hung along roadsides, in front of restaurants and even on buses. Business owners are looking to hire more people in light of the rampant consumption of Americans, but they’re having a hard time finding what they want.
According to the latest data on this subject, about 10 million vacancies were available in June, while the number of applicants did not exceed 6 million.
Many also stopped working in the spring of 2020 as the COVID-19 pandemic hit the US economy hard. Since then, they have not returned to their jobs.
On the other hand, Diane Swank, KPMG’s chief economist, told AFP that baby boomers had already begun withdrawing from the labor market even before the Covid-19 pandemic.
Diane Swank referred to the “repercussions of the pandemic itself” on people who have contracted the virus or are suffering from long-term Covid-19, “which is one of the issues that have not been assessed for truth and not properly analyzed and are holding people back. outside the labor market.
On the other hand, millions of people chose to retire early, fearing for their health, taking advantage of high stock prices in the stock market and the real estate market to make sales transactions and capitalize on their savings.
Immigration restrictions under Donald Trump halved the number of arrivals between 2016 and 2019. Then came the Covid-19 pandemic, which reduced their numbers, which in 2021 was a quarter of what it was in 2016, according to experts.
On the other hand, women also stopped working en masse in 2020 due to school closures for a year and a half. Many of them did not return to work due to a lack of labor in the nurseries.
To counter this dilemma, it is necessary, on the one hand, to attract people to the labor market, and on the other hand, to curb the excessive consumption of Americans so that companies do not have to hire so many people.
Source: AFP.