I have a $100k job posted that I got 10 resumes for. I had to keep it open for 3 months to get 10 resumes. Another $75k job was posted by my org, got 3 resumes. I’ve been hiring people for 15+ years and I normally get 20-50 applicants for jobs at various levels (very specialized field). Something is wrong.
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Depopulation. No reason for this kind of labor shortage during a recession. I understand some people became self employed during covid but that doesn't explain away the labor shortages to the level we're seeing.
Another factor is that I have noticed is that during times of recession, people who have jobs tend to stay put. If you have a stable job that pays the bills, you are far less likely to rock the boat and put yourself out there (people are less willing to take the risk).
Totally agree. Being the 'new hire' at a company - especially a private one where you have no clue how solvent they are and could be (often secretly) struggling - means you'll be among the first people laid off when the company downsizes for the deepening recession and looming depression.
That’s where I’m at right now. I have a stable job and seniority where I am. I have an opportunity for a position that pays $60k/yr more. But if the market keeps tanking and they roll things back I’d probably be the first on the chopping block. I could really use the money but I’m not sure if it’s worth the risk.
This right here... I hear this a lot.
As a hiring manager, it can drive ya nuts but I don't blame people at all for not wanting to take the risk.
Every time there has been an economic downturn, I see people hunkering down. They stop spending (start saving), paying off debt when possible, and they don't leave their jobs if they feel like their job is solid.
Good insight
Not only depopulation but also many peeps are coming out of the workforce due to DISABILITIES injuries from the vaccine. Ed Dowd has done a lot of work on this. Also, when someone is disabled this creates Caretaker demand to care for these disabled peeps which also adds to the worker shortage problem.
Oh that's great insight! Definitely a factor
OnlyFans isn’t self-employment.
You are selling a product through a third party retailer and getting paid for it.
It is literally self employment, regardless of whether or not you or I agree with the choice.
For that matter, selling videos on ManyVids or Clips4Sale is also self employment.
Sex work is one of the oldest professions. It's repulsive and I don't like it, but it is what it is.
Oh, you said that like it came from my own mouth. Well said.
Name checks out
It's the oldest form of self-employment in human history.