Worker Shortage or No?

RESEARCHERS say there’s a shortage of workers, which will hit 5-6 million positions over the next decade.

GRADUATES say more and more there are no positions for them.

So which one is it?

Both Lightcast & Georgetown’s Workforce Center reported separate studies revealing about 18 million workers will retire with only 13 million graduates entering. Both studies said over 50 of the biggest US cities would be affected, with over half of them facing worker shortages in every department.

Conversely, recent grads say they cannot find work.

Those attempting to explain the paradox suggest employers need butts in sears for jobs like nurses, physicians, teachers, engineers, pharmacists, construction workers, and airplane mechanics - jobs that resist AI - while “We have pumped [too] many young people into business and finance.”

So how will employer’s address rising employee benefits costs in the face of this quandary? Will they perceive ample worker supply and slow the benefits spend increases, or enhance benefits to counter a perceived shortage of talent?