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The Future of Non-Work

17 1 7
26.11.2021

Lately, Israel and America seem to be suffering from a highly unusual economic complaint: not enough workers, even when unemployment is at relatively high levels. There are several possible reasons for this, but most pundits view this as emanating from employees who want a higher salary and/or jobs that don’t deaden the soul. Unfortunately, in the mid-to-long term, this could prove to boomerang on them in a big way.

Some examples: Among other professions, the U.S. is currently short 80,000 truckers – the industry’s all time high (https://www.bbc.com/news/business-59136957). Open nursing job positions are more than 250% higher this year compared to last year, with all projections showing things will only get worse. Over a quarter of restaurants can’t find enough cooks (and other restaurant worker job shortages are almost as bad). All these when in August 2021 (the last month for which data is available), 4.3 million U.S. workers left their job (https://www.nytimes.com/2021/10/12/business/economy/workers-quitting-august.html) – the highest total ever recorded!

In Israel, the problem seems to be most acute among high-tech workers., with the country suffering from a shortfall of 15,000 to 18,000 programmers and engineers each year (https://www.timesofisrael.com/amid-battle-for-workers-multinationals-scale-up-chipmaking-plans-in-israel). And this isn’t a specific problem of highly skilled work. Overall, 65% (!) of Israeli employers are........

© The Times of Israel (Blogs)


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