A little over a year ago now I left my job. I didn’t have any concrete prospects at the time, but I was sure something would come up. Sure enough, after a few frustrating months, I found work doing something similar to what I had been doing before. At the time was working with one other employee, but that employee left in May to pursue another opportunity. The upshot of all this is that since May I have been working twice as hard. We’ve tried to find someone else to fill the gap, but it just hasn’t happened.
This is not to whine. I’m more than happy to be working, and I don’t even mind working hard. But if the statistics are to be believed my situation is not the least bit unique.
They are pretty astounding.
- 50% of small businesses reported at least one unfilled position. Ten years ago this number was around 10%.
- Over 30% are planning on hiring additional workers.
- Small businesses lost an average of 0.29 workers last month.
- 91% of those trying to hire reported finding few or no qualified applicant. (I don’t fully understand this number, because the report seemed to giver some conflicting data. But it’s pretty darn big.)
One of the big take aways that a lot of economist type people are getting from this is that this helping to contribute to an inflationary cycle where prices will spiral out of control and the value of the dollar will plummet.
I have no doubt that that’s true, but being as it’s labor day I’d like to set that discussion aside for the time being and raise a glass to the workers.
There flat out just ain’t enough of us.
I want to send a shout-out to Sam “Goldie” Kirk, over at One Day At A Time. Who got me started ranting about this subject. Sam is a thoughtful and interesting individual, and I greatly appreciate his blog.
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