I keep hearing how the job market is at full employment, yet I’ve written before how insecure most younger workers seem to feel in their jobs. But yet again a few days ago someone commented to me, “Oh yeah, in (XXX industry) they’re just begging for people”. Well, “they” may be begging but I can tell them why they can’t fill the positions:
- The location is horrible: oil rig, frozen tundra, windowless cubicle, crazy hours, or crime infested neighborhood with a perilous journey to get there. So, basically, they’re not paying enough to make the risk worthwhile (as with any other investment).
- There’s a completely unrealistic set of requirements. Either the employer is requesting more education and/or experience than the job could conceivably require, or their requirements are so specific and demanding that two people in the world have those qualifications, and they’re not paying enough to attract them, or to encourage anyone else to invest in such specific training.
- Employers are thinking of the old days, when you could work your way through college. Millennials have heavy debt burdens—they’ve financed their careers long term. Requiring a masters’ degree in an urban area and offering $50,000 a year is so unrealistic as to be almost breathtaking. Couple that with the gig economy of “staffing companies” who offer no retirement benefits, no health insurance, and minimal vacation and sick days (and no paid holidays or overtime for working those or weekends—it’s all coming out of your “personal days) and, well, they’re not paying enough. Interestingly, staffing companies and recruiters often think they’re offering a higher hourly rate and I’m sorry to say that some people are dumb enough to fall for that. But if you calculate the value of benefits, cost of health insurance, value of paid time off, etc. you are almost certainly being screwed—because when did an employer ever have your best interests at heart?
Under capitalism, the market should be responding to these shortages by raising wages, right? Right. Instead, they’re offloading all responsibility for workers and directing ever more in the CEO’s pocket. We need someone creating an equally strong pressure (such as unions, government regulation, and new legislation controlling egregious corporate behavior). Will this plunge the value of companies and non-profits to operate? No, I don’t think so—just cost the 1% their ability to take everything. And great, offload responsibilities for workers–but then let’s put corporate taxes in place that fund government provision of those services.
It’s particularly troubling in areas that are critical to health, well-being, and education. These fields are supposedly “desperate” for trained people, yet many trained people can’t readily find jobs. I know of one situation where someone was being interviewed for a position at a fragile-medical rehab center. Although the candidate had absolutely no experience in the field, they offered a job after a 20-minute interview, if said candidate would accept an outrageously low salary, no extra compensation for weekends or holidays, high cost employee paid health insurance, no training, no mentorship, yadda-yadda. They were obviously desperate for a warm body to fill the slot. But if you landed in the place after being in ICU, would you want to be treated by that new hire? And why was that job going begging? Because they’re not paying enough.
I’ve been amused lately by the practice of employers not disclosing the salary range for a position, and I’ve actually seen millennials comment that it would be “impolite” to ask that when being interviewed (either by phone or being asked to take time to interview in person). Seriously? Why would you not ask—because you might offend an employer by being interested in working for money? As Samuel Johnson said, Nobody but a blockhead ever wrote except for money.
And why would an employer be offended by an applicant asking about the salary range, especially so as not to waste anyone’s time? Because they know they’re not paying enough. And for them, your time is free.
So go ahead, tell me why I’m wrong (politely, please). I’m open to changing my perspective.