Customer Service:
1-570-955-1438

Text Message for a Quote:
1-570-301-7456

Labor Shortage

One of the most striking economic problems to face a society is that of a labor shortage; one might instinctively think that having too many jobs and not enough workers is a good thing, as that means anyone who wants a job can have one. However, this is not always the case. Labor shortages are often very specialized, meaning that employers have a difficult time finding skilled employees to fill very specific roles; one profession where this is frequently the case is professional truck drivers. Labor ShortageThere are ample open positions, most of which pay a wage that the average worker would be happy to bring home. Unfortunately, this profession requires very specific training and licensure, resulting in a mismatch between what employers need and the skillset that employees have.

The end result from a labor shortage is that unemployment does not decrease, as people are not finding jobs they qualify for. Similarly, the number of individuals being hired at any given time does not change; the available applicants simply do not meet the requirements. This gradually becomes an employee’s market: employers find themselves over a barrel when it comes to recruiting, hiring, and keeping skilled employees; they need to incentivize working for their location, often through higher wages, bonuses, or advancement opportunities. These increased costs for employers will, naturally, be passed along to consumers in the form of higher prices; the benefits the employees reap will come at the expense of not only the paychecks of their fellow man, but also of their own. With inflation rising and employee costs likely to rise in the coming months, the true cost of the labor shortage might be more than the average worker had ever anticipated.

Related Research Paper Topics

Labor Market research papers look into the labor market that is defined as the local or national market in which workers find paying work, employers find workers, and wages are determined.

Classical Economic Model is basically a mathematical-like equation explaining why employment remains full, or at least tends to.

Working Two Jobs Research Papers go into the physical and mental strains that it may cause, and what this stress could lead to.

Right to Work research papers examine one of the basic human freedoms outlined by the United Nations’ Universal Declaration of Human Rights, first issued in 1948.

Minimum Wage and Teen Unemployment - The outlook for employment among teens is not always positive or consistent.

U.S. Federal Reserve Monetary Policy Research Papers examine the most recent report by congress on the overall United States economy.

Federal Minimum Wage research papers examine the minimum wage established by the United States government.

Product Life Cycles - In approaching a research paper on the Product Life Cycles there are several ways you can examine any product’s life cycle.

Labor/Employee Relations research papers take a vast amount of time to outline and write.

Cheap Labor Debate - The cheap labor debate is an excellent topic for a business or MBA research paper.

National Labor Relations Board - National Labor Relations Board Research Papers go into the functions of this type of board, and also a historical background.

American Federation of Labor - American Federation of Labor essays delve into a brief history from the organization’s foundation through its merger with the Congress of Industrial Organizations.

Division of Labor - Division of Labor research papers discuss the labor strategy, employed during the early development of the Industrial Revolution.

International Labor Organization - The International Labour Organization research papers discuss the United Nations agency that works with member nations in order to promote labor standards.