If we look at history, recessions have often been followed by labour shortages, resulting in inflation. How best do you think we should use the current recession to prepare for the likely labour shortage to follow in a few years' time?
How to prepare for the upcoming labour shortage?
- Thread starter Machjo
- Start date
Don't forget, the more people we have, the more consumers we have too. And after a prolongued recession, many people start use the money tehy saved up during the recession to buy things before prices go up again. This buying spree overheats the economy, resulting in labour shortage, followed by inflation, followed by a race to buy before prices reach the top, after which people have no money left and we fall back into recession and the cycle repeats itself again.
A labour shortage might sound good in theory, but it does hurt the poor just as much as a recession does; it leads to price increases outstripping salary increases.
So looking at the interaction between economy and psychology, if this recession ends up being a big one, labour shortages are likely to follow within the next decade.
A labour shortage might sound good in theory, but it does hurt the poor just as much as a recession does; it leads to price increases outstripping salary increases.
So looking at the interaction between economy and psychology, if this recession ends up being a big one, labour shortages are likely to follow within the next decade.
For various psychological and economic reasons, recessions are often followed by labour shortages, resulting in inflation which hurts the poor just as much as recession does.
How do you think we ought to prepare for the upcoming labour shortage likely to appear within the next few years following this recession?
How do you think we ought to prepare for the upcoming labour shortage likely to appear within the next few years following this recession?
How should we prepare for the upcoming labour shortage?
For various psychological and economic reasons, recessions are often followed by labour shortages, resulting in inflation which hurts the poor just as much as recession does.
How do you think we ought to prepare for the upcoming labour shortage likely to appear within the next few years following this recession?
For various psychological and economic reasons, recessions are often followed by labour shortages, resulting in inflation which hurts the poor just as much as recession does.
How do you think we ought to prepare for the upcoming labour shortage likely to appear within the next few years following this recession?
I voted other. I believe that re-educating workers is necessary, but might not be enough. I believe restructuring the economy in other ways might be necessary too. It could include finding inefficiencies in the government, or developing infrastructure now while costs are low that will help make the economy more efficient when the labour crunch arrives.
The precedent is already set.. Government has already signalled it will allow immigration of Part-Time people to Canada as it did recently to fill the void..
This process will only repeat itself in the name of "quick" "qualified" cheap labour.. Canada's answer to exporting work is to bring the cheap labourers to Canada..
This process will only repeat itself in the name of "quick" "qualified" cheap labour.. Canada's answer to exporting work is to bring the cheap labourers to Canada..
I have nothing against giving the job to whoever is most qualified for the job, even if he is a foreigner. This does not mean that we can neglect educating our own workforce however.
But if we just keep the old inefficient industries we have now, we're doing ourselves a disservice when the crunch comes. The inefficient industries will just be sucking up valuable manpower that other industries will be thirsting for. So let the dinosaurs fall now, and retrain so when the crunch comes, we'll have a highly qualified labour pool to fill positions in the new and more efficient industries. That means retraining though. There's no way some unskilled autoworker is just going to walk into a new automated car factory and know what to do. He'll need to know not how to fix screws, but how to fis robots.
Problem is as soon as a person passes 30 years old they usually do not want to "retain" that worker and feel it easier to find a newer one within that category of work.
As someone who has been looking to get out of my very shrinking and political work environment, trust me no one wants to take the "time" to laterally retain or even consider me changing work environments even if I know how to do the basics.. Its only semantics of the industry but everyone wants a Perfect Employee from the get go.. 99% end up with a lazy a$$ that gets fired and so the vicious cycles starts all over again.. But then again entering my industry is just as bad
Problem is as soon as a person passes 30 years old they usually do not want to "retain" that worker and feel it easier to find a newer one within that category of work.
As someone who has been looking to get out of my very shrinking and political work environment, trust me no one wants to take the "time" to laterally retain or even consider me changing work environments even if I know how to do the basics.. Its only semantics of the industry but everyone wants a Perfect Employee from the get go.. 99% end up with a lazy a$$ that gets fired and so the vicious cycles starts all over again.. But then again entering my industry is just as bad
That's why I think the government could provide the retraining. If the employer isn't willing to do it, and le't say the worker hasn't got the money for retraining, then fine, I don't mind a tax increase to help him there with free education. It sure beats having him on social assistance or working minimum wage later stuck in a vicious cycle of poverty along with his kids. Might as well the governemtn train him if his employer won't.
And besides, when we have a labour shortage, employers will become less picky about who they pick, guaranteed, as long as the person has the necessary qualifications.
But I don't agree with keeping him in a doomed industry, that's for sure.
Also, when we consider that in a labour shortage, inflationary pressures might require rising interest rates and so more expensive debt for the government, I'd rather the govenrmetn pay for the retraining through tax increases, not debt. I'd rather pay the tax now than later.
Also, when we consider that in a labour shortage, inflationary pressures might require rising interest rates and so more expensive debt for the government, I'd rather the govenrmetn pay for the retraining through tax increases, not debt. I'd rather pay the tax now than later.
Aren't you fine tuning a model that hasn't got wheels anymore or a future? Why not get serious and percieve the already unfolding revolution. There are two side only, labour and capital, capital will not survive unless it carries heavy chains in it;s remaining years. It is simply too inefficient and poisoness to survive.
The present economic model cannot be repaired and it cannot fail to devolve into full hyperinflationary depression and that could be evident as early as March of 2009, that effectively means the end of capitalism as we have known it. It would take (in peace time) at least a decade to build up the decimated western industrial base.
Do we really want to revive a system of slavery through dept? The present system is not much different than a feudal system, only the names and titles have been changed to protect the guilty. We need to let this one die and those that control it along with it. We need a grass roots system, probably starting with barter and evolving into something that is controlled by the people. Cut the infection out of the loop.
So your saying let the people starve? Don't you think they will come after those who survive after a little while when they have nothing left to live for ?
Besides I don't believe the economy will crash as you say it will in March 2009. It may not get better quickly but there is not reason to believe it will not stabilize and get better.
We could lower the working age. In BC it's 12.
Maybe bring in Mexicans and get the 6 year olds working? School is over rated when there are chimneys to be swept and rugs to be knitted. Childhoods are for those that can afford them.
Maybe bring in Mexicans and get the 6 year olds working? School is over rated when there are chimneys to be swept and rugs to be knitted. Childhoods are for those that can afford them.