Read video transcript
Shouldn’t I say, “Hello, it’s Ron again,” instead of me?
Not everybody’s going to know me.
I mean, I know me.
Hello, it’s Ron again.
I’m drinking Tiki Rum Mai-Tai.
So my last time I drank a margarita in a can, and I’m like, “Let’s do something edgy as well.”
So now, it’s a Mai-Tai.
Now my margarita, if you saw that video, they decided that they were going to put the salt in the margarita drink, which wasn’t my favorite thing.
There’s no fizz in this. Is that normal?
Let’s try it out.
That is one of the worst things I have ever had.
Oh my goodness.
I don’t know why.
Mai-Tais are a party drink.
Okay, you know what it is?
It tastes like an alcoholic lollipop.
That was so disappointing.
I thought it was going to really good.
Well, you get to see what I’m drinking, but after I share my latest info, y’all may want to join me.
You may remember an article we released earlier this year called The Demographic Drought.
Well, you all loved it so much and all of the depressing news that came inside it that we decided to share how our predictions are shaping up.
Today, we’re going to talk about how a shortage of lower skilled workers in particular is going to affect all of us.
First, in case you didn’t know the US is experiencing a massive shortage of lower skilled labor.
Of the record 10 million plus job openings currently in America, nearly two-thirds don’t require a college degree.
Chew on that for a second.
This means that the majority of the staggering job opening numbers that you see in the news aren’t referring to people in suits and high-rises, those science and techy jobs, but rather warehouse workers, truck drivers, fast food workers, and that person at the grocery store that has to hear how unhappy you are that they ran out of pomegranates this morning.
In the transportation, warehousing, and utility industries, there are nearly 400,000 jobs that need to be filled, 400,000!
In the manufacturing industry, there are over 850,000 jobs that need to be filled.
And in the restaurant industry, get this, there’s over 1.2 million jobs that need filling.
These aren’t just record numbers.
These numbers are insane.
This is so chronically disappointing.
I’m talking about a depressing thing, and then I’m drinking a depressing drink.
The second big thing happening is wages for ground-level jobs are going through the roof.
For example, wages for restaurant workers are now a jaw-dropping 23% higher than they were five years ago and rising by the day.
They have also seen a 23% increase, but in only three years.
You see the signs these places are putting up everywhere, and they are getting more desperate every day.
I don’t even know if I want to drink.
What are those lollipops, they have that mystery flavor?
And everybody is like, “Is that pineapple, or is that something else?”
Yeah, this tastes like the mystery flavor lollipop.
That brings us to the third thing.
It’s a simple supply-demand scenario.
The harder something is to get, the more you have to pay for it.
Let’s take a hamburger, for example.
You need farmers to raise cattle.
You need meat packers to package the beef, truckers to ship the beef, cooks to assemble the burger, and a cashier to ring it up.
The increased wages each of these people are getting will become price inflation, price inflation, and more price inflation.
Just look at the data.
Prices at both McDonald’s and Dunkin’ Donuts have increased by 8% in the past year.
The prices at Taco Bell have increased by 10%.
That’s just the fast food industry.
As the labor shortage continues, things will only get more costly across all levels of our economy.
From restaurants to hotels to hospitals, the point is, everyone wants to be served, but there’s no one here to serve us.
So what needs to happen?
Companies, universities, and local governments must have a people strategy that anticipates where you will get your employees, and how.
And you must take extra care to value the people that you already have.
That was pretty good.
Dang, I don’t know that I’ve ever gone that long without messing up.
That might be a record.
Maybe the Mai-Tai has magical powers.
This is so good, I love it.
It may have magical powers, but it doesn’t taste good.
Okay, the bottom line is the world is changing.
The next time your burger takes a little bit longer to make, or you have to wait an extra long time at the grocery store in line, think about how hard these employers are trying to stay afloat in such a challenging economy.
After all, it’s their service that keeps us fed, clothed, and cared for.
Be sure to thank those people you depend on every day.
This is Ron with my canned Mai-Tai that I actually found a little disappointing.
May your drinks be better, and check out this blog to learn more.
That’s a lollipop in a can.