How to Use Labor Shortages to Your Advantage

How to Use Labor Shortages to Your Advantage

Labor shortages? With a 6% unemployment rate? On the heels of a recession and global pandemic? Seriously?

Seriously. If you’re like me, you’ve seen the signs hanging in almost every restaurant, coffee shop, and gas station window you’ve walked past. “Now hiring! Check our website for details!” But there’s something off about them. Usually such signs have a cheerfully neutral tone. But these are radiating powerful desperation stink.

“We’re hiring! Like, SERIOUSLY hiring. Literally every role is open! Do you want my job? You can have it! We have signing bonuses. If you show up all five days your first week, I will give you my cat. Don’t get me wrong, I love my cat like a son—but if someone doesn’t help me bus these tables, the fabric of my reality will unravel all around me lol.”

When employers are desperate for employees, they’re weak. And when they’re weak, you are strong. You can use this moment as an opportunity to claw back lost ground.

But situations like these have been super rare in recent history. Honestly, unless you’re a Boomer or older, this really hasn’t happened in your lifetime! (Yes, to my eternal surprise, BGR does have enthusiastic Boomer and Silent Gen readers. We salute you—the few, the proud, the kickass—for enduring our 90s pop culture references and ageist hissy fits with grace and poise.) Younger readers will be forgiven for not knowing how to take advantage of it.

So that’s what we’ll teach you today! C’mon, finance, let’s get fin~nancial!

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Labor Shortages ARE the Father of American Business Ethics, Maury Povich Confirms

You ARE the father.

Time for some History Lessons with Kitty and Piggy!

America is an interesting example of a country whose economic needs have flip-flopped wildly since its founding. The most interesting aspect to me is the story of American labor.

In the days of the American Revolution, labor was the scarcest commodity in the colonies. Which is hardly surprising if you think about it.

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