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IPFS News Link • Supply Chain Disruption

Where Did All The People Go?

• by Michael Snyder

When the labor shortage started in the United States, a lot of people blamed overly generous government handouts, but that doesn't explain why the exact same thing is happening in nation after nation all over the globe.  There aren't enough factory workers, there aren't enough truck drivers, there aren't enough port workers, there aren't enough employees to properly staff our stores, and the shortage of doctors and nurses is becoming a major crisis in some areas.  During normal times, we were always told that the global economy was not producing nearly enough jobs for everyone, but now for the very first time we are facing an enormous worldwide labor shortage.  It is almost as if millions upon millions of people suddenly disappeared from the system.

Earlier today, I was stunned to learn that a new survey has discovered that 69 percent of global companies are having a hard time finding enough people to hire…

A survey of nearly 45,000 employers across 43 countries showed 69 percent of employers reported difficulty filling roles, a 15-year high, according to employment-services provider ManpowerGroup Inc. At the same time, 15 countries — focused in Europe and North America — reported their highest hiring intentions since the survey began in 1962.

Just a few years ago, any company that was willing to pay decent wages would be absolutely flooded by job applications.

But now everyone can't stop talking about the "shortage" of workers.

So where did all the people go?

Normally, global supply chains run as smooth as butter, but now they are in a complete and utter state of chaos.

And the biggest reason why they are in a complete and utter state of chaos is because there simply is not enough workers for them to operate as they usually would.


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