In my many conversations surrounding workforce shortages, I frequently remind my constituents that it is not a simple, but more multilayered problem. There is the great resignation (rethinking jobs), the silver tsunami (aging workforce), the child care crisis (parents without options) and decreased immigration (hostile immigration policies). Each has a cause and effect on workforce shortages.
Financial analyst Hugh Johnson cited the lack of labor as a barrier to economic growth. “The rate of population growth in the U.S. has slowed to its lowest level in decades,” he said. “While job growth in September was strong, the growth rate of employment has slowed.”