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Two-thirds of CEOs think staff will return to office five days a week, survey finds
(www.theguardian.com)
this post was submitted on 05 Oct 2023
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there is a shortage of jobs because wages are still historically low.
funny thing is companies that pay higher wages don't have trouble hiring people.
my company pre pandemic had 5+ employees turn over every month. post pandemic we have like 1 a month or less. why? our wages went up 40% across the board from 2020-2023. our starting wage used to be 35K in 2019. that's barely livable in in my city. now it's closer to 50K. benefits have also increased substantially, but we did drop the commuting benefits because we are hybrid.
turns out people will work for you if you pay them a fair wage and offer them opportunity to increase their wages.
I wouldn't say wages are historically low as much as inflation is historically high. We have a weird moment in time where things are rapidly increasing in cost.
Even with fair wages, it's hard to find workers. I will clear over 300K this year. Yet, we still have a shortage of applicants.
My friend will clear over 750K this year. Yet, they have been looking for an additional person for 6 months.
This are just strange times.