Are you feeling the affects of Labor Shortages?

This is a perfect example of how it is affecting the customers. I arrived at 8:25 AM here it is 8:45 AM and still waiting to be served. Due to Labor Shortages, lines are longer and the food is often cold when receiving the orders. Why is it people are not returning to the workforce? A question by Michael Carvalho

So, how would you see this scenario? If this applies to “people.” as the “commodity” i.e.., being a product or service, returning to the workforce.

[Scenario: metaphor]

If there is a shortage, the high level of demand will enable sellers to charge more for the good in question so that prices will rise. The higher prices will then motivate sellers to supply more of that good. At the same time, the rising prices will make demand go down.

Reasons Businesses Are Facing Labor Shortages.

What are the reasons for the labor shortage?

  • Outdated Hiring Processes Filtering Out Qualified Applicants. …
  • People Are Reevaluating Their Career Paths. …
  • People Want Better Pay. …
  • Higher Demand for Flexible Jobs. …
  • People Are Burnt Out. …
  • Not The Right Fit. …
  • People Are Starting Their Own Businesses. …
  • Reduced Immigration.
    More items…

This has always been an issue ‘even before the covid pandemic’ that seems never to have an answer or easy fit. Change this aspect ‘in business’ changes the economy.

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