In our generations many college graduates hold wide expectations for jobs in their specialized fields, fully aware of the unemployment rate and job openings. With many graduates heading into certain fields, such as pharmacy, less jobs are open—or so it seems. Aiming his argument towards the general public, Eduardo Porter, author of Unemployment Is So 2009: Labor Shortage Gives Workers an Edge, goes against this claim, affirming that the United States is facing a shortage in the labor force, solely due to the economic state. From both a social and political context Porter attempts convincing readers that though there are many emerging job positions and increasing wages, but the lack of people, applying for jobs, creates complications. Through
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Though the recession of 2008 was hard hitting, the standards the economy faces today have far surpassed those times (Porter). As supported in the article, the workers’ average income is at a constantly elevating rate, but Porter claims this aspect as well as the “new age of tight labor markets” (Porter) don’t help with the labor force, but can be seen as a disadvantage. Chief economist at Moody’s Analytics mentions, “our problem going forward is not going to be unemployment” (Porter) and continues to analyze that the reason for labor force shortage is due to decreasing working individuals. Through other factors such as globalization and automation, unemployment, as whole as, is increasing. These conclusions lead to the idea that there will be a lack of labor force for future …show more content…
In the perspective of employers the big issue can be explained as not knowing how to bring people into the workforce. Correlating with the wage argument, Professor Krueger, Princeton University economist, inputs that though wages can be provided the amount of people actively searching for a job are lacking (Porter). Historically this offset is explained as being the lowest industrialization prime age of workers, bringing up new obstacles for the economy. Though this information captivates readers, more recent information should be provided and compared to the statistics to show the increase or decrease of labor force
Though the recession of 2008 was hard hitting, the standards the economy faces today have far surpassed those times (Porter). As supported in the article, the workers’ average income is at a constantly elevating rate, but Porter claims this aspect as well as the “new age of tight labor markets” (Porter) don’t help with the labor force, but can be seen as a disadvantage. Chief economist at Moody’s Analytics mentions, “our problem going forward is not going to be unemployment” (Porter) and continues to analyze that the reason for labor force shortage is due to decreasing working individuals. Through other factors such as globalization and automation, unemployment, as whole as, is increasing. These conclusions lead to the idea that there will be a lack of labor force for future …show more content…
In the perspective of employers the big issue can be explained as not knowing how to bring people into the workforce. Correlating with the wage argument, Professor Krueger, Princeton University economist, inputs that though wages can be provided the amount of people actively searching for a job are lacking (Porter). Historically this offset is explained as being the lowest industrialization prime age of workers, bringing up new obstacles for the economy. Though this information captivates readers, more recent information should be provided and compared to the statistics to show the increase or decrease of labor force