I heard the owner of a local cafe a few years ago complaining about how "he couldn't find any good workers" ... I asked the girl across the counter later if she was willing to state how much she was paid. Minimum wage. Approximately half of what the local government officially acknowledges what a living wage is here to afford a one-bedroom apartment.
If your business can't afford to pay your employees enough to feed, clothe and house themselves with a full-time position, then your business isn't viable. Period.
Sure, you can invest as little as possible (like 3 cents), but don't fucking expect to become a millionaire over the night. It's not impossible, but you're more likely to be lethaly hit by a blanket dropped by high-flying stork that he got from an open luggage compartment of flying Boeing 737.
If your business can't afford to pay your employees enough to feed, clothe and house themselves with a full-time position, then your business isn't viable. Period.
This exactly. I have never understood how the managers or supervisors who ever is in charge of their pay to make it to where they can’t even afford to live on their own. The audacity of some of these employers. I was looking for a new job and they low balled me tremendously. I looked at them like, how in the hell am I suppose to live off that pay? You know McDonald’s pays much more. Even to McDonald’s pay, it’s still considerably very low but to have a job labeled as a decent occupation with some form of a college degree or experience, and then pay you as low or the same as McDonalds is wild to me. Then you have them complain “We can’t find anyone.” “Why does no one wanna work?” Shit Steve, maybe pay the workers/employees to where they can afford one bedroom apartment and get eggs for starters. It’s absolutely insane with these individuals who are looking to hire and the lack of common sense. Pay people a living wage maybe, and see what happens.
Capitalism doesn't allow ethical business to be viable, though.
So what you're saying is that businesses should pay their workers less. Because the competition that fucks over their workers across the street wouldn't make you viable otherwise.
"Our merchants and masters complain much of the bad effects of high wages in raising the price and lessening the sale of goods. They say nothing concerning the bad effects of high profits. They are silent with regard to the pernicious effects of their own gains. They complain only of those of other people.”
― Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations
No you can definitely have shortages of skilled labor, happens all the time. There is a demand for workers with a certain qualification than there are workers in that field in that location/country.
Well that works in the long run but if you need more, for example, doctors that's like an 8 year pipeline. Over time the free market will correct for these things but you can't just create skilled laborers overnight for any sum of money.
they do it in stem industry, they made a shortage, so they dont need to hire more people. its obvious when they do this by putitng listing that are pretty much exclusive to a scientists with niche skills. if they did starting hiring a ton, then would have to lower sALARIES of researchers, and it would probably scare them off.