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Those are all good ideas to deal with the labor shortage. Not mentioned is the most obvious – a more liberal immigration policy.
That’s the second-most obvious. The most obvious is raising pay to attract workers.
Raising pay can ‘steal’ a worker from another firm, but it does little to attract more workers into the pool. The problem is the pool of qualified workers is too small for the number of positions to be filled. Firms should seek apprenticeships and other on-the-job training methods to bring motived candidates up to the skill level needed for positions. We aren’t training welders, electricians, pipe-fitters, etc. quick enough to meet the demand, and often would-be candidates face challenges of going to school while trying to make a living or provide for their family.
Both are good ideas noted above; “more liberal immigration policy” also means a “legal immigration” policy too. Simply opening the borders does not help anyone. Although its somewhat greedy in a way, the U.S. can help get many highly qualified persons from overseas labor markets here. General labor is good but the more qualified the worker that more it helps our economy.
It also might help for companies and corporations to encourage students in our high schools and their parents to realize they need to get involved in education and training that isn’t necessarily “University Education.” Traditional Colleges and Universities are not for everyone and many degrees, other than highly specialized areas of study, are not highly marketable or useful when school is finished. Many of the most highly paid jobs and professions out in the workforce are not degree dependent. Most high schools, students and parents do not actively encourage this path of travel, however this would help alleviate a great deal of our “labor” issues, which of course lead to better paying jobs and more families being started and future generations being raised in our very generous community.