It would appear that decision-makers have become numb to media-generated hysteria given how prior episodes (Greece, government shutdowns, SARS, Middle East anything) never lived up to the hype of potentially derailing the U.S. economic recovery.
Order books are bloated because there is need and not enough hands to get things done – and with demand for labor now outpacing supply, pay continues to move higher.
NEW YORK (EconoPlay) Sept. 25 – Demand for workers remained strong in September, but responding to this excess of need remains a sore point as employers begin to beef up for the holiday ramp, recruiters say.
A number of big retailers (and their suppliers, like UPS) have been announcing substantially increased hiring plans for the holiday season – but many are in for a rude awakening when it comes time to do the actual hiring in this labor-constricted market.
Wage increases are now fairly rampant and salary budgets are up, which is the only real solution to the labor-availability problem, as companies seek to attract workers and, with headhunters on the prowl, hold on to the ones they have.