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Jul 7, 2022Liked by Peter Nayland Kust

Manufacturing. Nobody wants to do it anymore. This isn't an old person, kids today, comment. The average age in manufacturing is pretty high and the ones that could retire in the last 3 years did.

The company I work for is deliberately (trying to) over hiring, in a recession, to try to get ahead of the attrition. If you look at any major corporations job board it's the same thing. We're now offering a 10k sign on bonus for electricians. Systems engineers get a 25k sign on bonus and a 10k referral bonus.

Last time I checked p&g had 13k job openings.

This is going to be a weird recession because the people that normally would be laid off to preserve stock prices don't exist. Sure plants will close but it won't be enough to solve the labor shortage.

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