this post was submitted on 25 Jun 2024
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[–] friend_of_satan@lemmy.world 26 points 2 years ago (2 children)

That means the supply of workers in many countries is quickly diminishing.

I thought AI was going to take our jobs.

[–] TheDemonBuer@lemmy.world 13 points 2 years ago

Right? They must not think AI and automation can replace very many human laborers, otherwise they wouldn't consider declining birth rates to be such a crisis.

[–] FaceDeer@fedia.io 13 points 2 years ago (1 children)

Of course it is! We are simultaneously facing a labor shortage and mass unemployment. The important thing is to keep being angry and frightened, the specific subject you're angry about at any given time is flexible.

[–] Buelldozer@lemmy.today 8 points 2 years ago* (last edited 2 years ago)

You can have both a labor shortage and mass unemployment. It occurs when workers are skilled for an industry with decreasing or no demand while another industry that requires different skills has increasing demand.

A good example of this is the high demand in the US for so called "Blue Collar" jobs. We have a shortage of trades people (Electricians, Plumbers, HVAC, etc) and far too many Business and Marketing people. There's 100,000 MBA's out there looking for a job and there's 100,000 Plumbing Contractors trying to hire someone.