One of the most critical issues in our nation today is most definitely, without a shadow of a doubt, the economy and lack of prosperity we’ve had the privilege of witnessing over the last eight years.
President Trump has taken some significant steps already in his administration to help solve this problem, however, it’s going to take quite a bit of time before things improve.
It seems one of the biggest struggles for companies these days happens to be finding workers who have a basic, fundamental understanding of mathematics.
Oh, and who aren’t getting high on the regular.
This is seriously disturbing.
According to Zero Hedge, While the Fed’s traditionally drab Beige Book described the U.S. economy in traditional terms, growing “at a modest to moderate” pace, one relatively new development was the recurring complaint by employers that they are having an increasingly more difficult time in finding qualified and skilled workers to fill empty positions.
Labor markets remained tight, and employers in most Districts had more difficulty filling low-skilled positions, although labor demand was stronger for higher skilled workers. Modest wage increases broadened, and reports noted bigger increases for workers with skills that are in short supply. A couple of Districts reported that worker shortages and increased labor costs were restraining growth in some sectors, including manufacturing, transportation, and construction.
That said, we have difficulty finding where in the labor market data one can validate the Fed’s finding that wages are growing due to rising labor pressures. If anything, the latest jobs report was a big disappointment not only in terms of overall payrolls, but also wages, with real wages continuing their slump…
According to the Boston Fed the qualified labor shortage is so bad, that the hit rate on hiring after a simple math and drug test, collapses below 50 percent. To wit:
Labor markets in the First District continued to tighten somewhat. Many employers sought to add modestly to head counts (although one manufacturer laid off about 4 percent of staff over the last year), while wage increases were modest. Some smaller retailers noted increasing labor costs, in part driven by increases in state minimum wages being implemented over a multi-year period. Restaurant contacts, particularly in heavy tourism regions, expressed concern about possible labor shortages this summer, exacerbated by an expected slowdown in granting H-2B visas. Half of contacted manufacturers were hiring, though none in large numbers; several firms said it was hard to find workers.
One respondent said that during a recent six-month attempt to add to staff for a new product, two-thirds of applicants for assembly line jobs were screened out before hiring via math tests and drug tests; of 400 workers hired, only 180 worked out.
Yikes. Like seriously. We’ve got that many people floating around our country who can’t pass a drug test or know basic math?
It’s also of concern that employer shortages are being made worse by the fact that the government is finally doing its job and putting America first by cracking down on visas.
But so what, if we don’t even have sober, well-educated people to fill the vacancies.
Congrats, liberals. You’ve succeeded in creating entire generations of braindead, big government dependent robots.
[Note: This article was written by Michael Cantrell]