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Worker Shortage

All articles tagged with #worker shortage

businesseconomy1 year ago

"Automation Fills Labor Shortage as Robots Replace Workers in US Companies"

The US economy's surprising resilience despite high interest rates and low unemployment can be attributed to a surge in productivity, driven by companies investing in automation and advanced technology to compensate for chronic worker shortages. This productivity boom has allowed for increased output per hour, boosting profits and wages without causing inflation. The Federal Reserve's aggressive rate hikes have managed to cool inflation while causing minimal economic hardship, and the economy's steady growth is partly attributed to the greater efficiencies achieved by companies. The use of automation and AI is expected to sustain these productivity gains, and workers are finding better-paying and more satisfying jobs as a result.

via The Associated Press|
#automation#businesseconomy#federal-reserve
immigration2 years ago

Unintended Consequences of Florida's Immigration Law: Critics Speak Out

Florida's controversial new immigration law, signed by Governor Ron DeSantis, has led to unintended consequences, including worker shortages and legal challenges for businesses. The law prohibits transporting illegal immigrants into the state, imposes penalties on businesses hiring undocumented workers, and requires citizenship questions on patient forms for hospitals. Critics argue that the law has created fear among undocumented workers, leading to a significant decrease in available labor, particularly in disaster zones.

via CBS News|
#florida#immigration#immigration-law
business2 years ago

Worker Shortage Hampers China's Electric Car Factories

China's booming electric vehicle market is facing a shortage of skilled technicians and engineers as young people in the country shun manufacturing careers. The rapid expansion of electric car factories has outpaced the availability of qualified workers, leading to a shortfall in vocational training. While China has more than twice as many jobs for skilled technicians as qualified workers, many college graduates prefer white-collar jobs in internet companies and the civil service. The labor shortage poses a challenge for the government as it seeks to shift workers to growing sectors like electric vehicle manufacturing. Automation and robotics are being used to address the shortage, but they can only partially meet the demand for factory technicians.

via The New York Times|
#business#china#electric-car-factories
business2 years ago

The Hidden Factors Impacting Retailers: Beyond Crime and Store Closures

Target's decision to close nine stores in major metropolitan areas due to organized retail crime and theft highlights the challenges faced by retailers in urban areas. However, other factors such as the migration of high earners out of cities, the rise of e-commerce, and ongoing worker shortages have also impacted business conditions. The pandemic accelerated the closure of brick-and-mortar stores, but 2022 marked the first year without a net loss in store numbers since 2016. Changes in residential and professional preferences, along with the pandemic-induced boost in online shopping, have contributed to dwindling foot traffic in urban cores. Additionally, worker shortages persist in the retail sector, with crime exacerbating the industry's workforce challenges.

via CNN|
#business#e-commerce#organized-retail-crime
business2 years ago

Addressing Labor Shortages: Strategies for a Stronger Workforce

Riley Construction, a Madison-based construction firm, is working to combat the ongoing worker shortage in the industry by expanding outreach to the newest generation of workers. With a boom in construction projects in Wisconsin, the demand for labor is high, but the number of workers is insufficient. One of the main causes of the shortage is the aging workforce, with a significant number of older workers leaving or nearing retirement age. Riley Construction is actively recruiting and providing information to dispel misconceptions about the industry, offering apprenticeships, internship programs, and hosting a Building Careers Camp for middle school students to gain hands-on experience. Madison ranks 10th among midsize U.S. metros for best-paying construction jobs.

via WMTV – NBC15|
#business#construction-industry#madison
immigration2 years ago

"Florida's Immigration Law Triggers Exodus of Construction Workers"

Florida's new immigration law, which requires private employers with 25 or more employees to use the E-Verify system, is causing a mass exodus of migrant workers in the construction industry. This has resulted in a shortage of workers and slowed down the reconstruction process after Hurricane Ian. Employers are noticing a significant decrease in their workforce, leading to concerns about the future of their businesses. While some believe the law is necessary, others argue that it unfairly targets the Latino population and will ultimately lead to price increases and fear among the community.

via Wink News|
#construction#florida#immigration
business2 years ago

Restaurant Industry Booms Despite Challenges, Says Jon Taffer.

Restaurants are experiencing record numbers this summer, but are facing a worker shortage. To solve this problem, the industry is turning to artificial intelligence and robotics. Wendy's is partnering with Pipedream to pilot an autonomous robot system for faster and more convenient pick-up experiences. Jon Taffer, host of "Bar Rescue," sees A.I. and automation as game-changers that will enhance profitability and solve the worker shortage problem.

via New York Post |
#artificial-intelligence#automation#business
business2 years ago

Jon Taffer warns of challenges facing booming restaurant industry.

Restaurants are experiencing record numbers this summer, but are struggling to find workers to fulfill the demand. "Bar Rescue" host Jon Taffer sees artificial intelligence and robotics as a solution to the worker shortage, with many restaurants already implementing automation technology for purchasing, pricing, and ordering. Wendy's has partnered with Pipedream to pilot an underground autonomous robot system for delivering digital food orders to parking spaces. Taffer believes that A.I. and automation will enhance profitability and solve the worker shortage problem.

via Fox Business|
#artificial-intelligence#automation#business
politics2 years ago

Controversial Proposal: Loosening Child Labor Laws to Address Worker Shortage

Lawmakers in several states, largely led by Republican lawmakers, are proposing legislation to loosen child labor laws to address worker shortages, including allowing children to work in more hazardous occupations, longer hours on school nights, and serving alcohol in bars and restaurants as young as 14. Child welfare advocates worry that the measures represent a coordinated push to scale back hard-won protections for minors. The Department of Labor reported in February that child labor violations had increased by nearly 70 percent since 2018.

via PBS NewsHour|
#child-labor-laws#child-welfare-advocates#labor-regulations
politics2 years ago

"Controversial Florida Laws Spark Fear and Secrecy"

Florida's new immigration law, which includes tougher penalties for hiring or transporting undocumented workers and requires E-Verify screening for new hires at businesses with 25 or more employees, is causing panic in the agriculture community. Some farm workers are already too scared to go to work and are considering leaving the state, which could cause a huge staffing crisis for Florida agriculture. The law is expected to have a wide-ranging impact on a number of industries vital to Florida's economy, including farming, construction, and hospitality.

via WPTV News Channel 5 West Palm|
#agriculture#e-verify#florida
technology2 years ago

Worker Shortage Delays $42.5 Billion U.S. High-Speed Internet Plan

The US government's plan to expand high-speed internet access in rural areas is facing a major hurdle due to a shortage of fiber splicers, the workers responsible for installing, maintaining, and repairing wired broadband networks. The demand for fiber splicers has surged in recent months, leaving companies struggling to keep up with the workload.

via The Wall Street Journal|
#broadband-networks#fiber-splicers#high-speed-internet
business2 years ago

Pandemic Shifts Workforce Demographics and Habits

American workers are now working one hour less each week than they did before the COVID-19 pandemic hit, according to a new study. The average American is now working 36.9 hours, compared to 37.5 hours in January 2020. The focus on finding work-life balance is one proposed explanation for the change in workload each week. The drop in hours has contributed to an ongoing lack of workers, with some 2.4 million employees still needed, and is also impacting the inflation rate.

via Daily Mail|
#american-workers#business#covid-19
business2 years ago

"Contract Talks Cause Shutdown of LA and Long Beach Ports"

The ports of Los Angeles and Long Beach have closed due to a worker shortage, which is believed to be linked to ongoing contract talks between unions representing workers and shipping employers. The closures come as cargo volumes have already dropped from peak levels a year ago, and some shippers have already started diverting cargo traffic away from the two ports. The union has been working without a new contract since July, and port officials and shippers believe the absences are a deliberate message from the union to put pressure on the talks.

via KABC-TV|
#business#cargo-traffic#contract-talks
business2 years ago

Shortage of Skilled Trade Workers Poses Challenge for Tech Companies.

Technical companies are struggling to find young skilled trade workers to fill open roles as older workers retire and there is a lack of young people training for these jobs. The number of applicants for technical worker jobs has decreased by half from 2020 to 2022. Experts suggest more needs to be done to recruit and properly train younger workers to address the worker shortage. The Bureau of Labor Statistics predicts 1.7 million infrastructure workers will retire or leave their job every year until 2031.

via Fox Business|
#apprenticeships#business#recruitment