I found this thought funny. A few years ago everyone was all learn to code so you don’t lose your job! Now there wont be any programming jobs in 10 years. But we will need a lot of manual labor still.
I found this thought funny. A few years ago everyone was all learn to code so you don’t lose your job! Now there wont be any programming jobs in 10 years. But we will need a lot of manual labor still.
Can he afford to?
Current trades are underpaid for what is expected from them.
Then he needs to charge more if he can’t afford to pay his employees more.
Exactly. There is no such thing as a labor shortage, only activities that people don’t think are worth the cost.
I wonder, do you realize that your statement is equally true on the demand side?
NTA but can you elaborate on this a bit? Never heard someone put this argument before I’m just curious exactly what you mean
Sure, it’s pretty simple really. As wages rise the business has to charge more to cover the increase in cost. As price rises demand falls.
So while the commenters statement “There is no such thing as a labor shortage, only activities that people don’t think are worth the cost.” may be true so is “There is no such thing as a work shortage, only activities that customers don’t think are worth the cost.”
If people are willing to pay, sure. But you can pay as much as you want but people won’t necessarily be interested in a skilled trade if the pay in general is low. That is a long term commitment and not solved by a single employer.
He can only charge what the market will bear. Since he has skills he can do the work fast and make a good living. However he cannot afford to invest in someone new who can’t work as fast and thus could not make a good living. If a new guy would work for free for a couple years the new guy would be good and could get a good income - but I don’t blame new people for not wanting to work for free and it is likely illegal anyway. Also while there is a good income possible, I wouldn’t call it great, and so I’m not sure if it is worth getting into vs other options.
So yeah, he needs to charge more, but he can’t because people will just do without masons if they charge more.
Apprentices are paid and get full benefits. They typically get raises about every 6 months or every year depending on the program.
It’s a labor market. Employers are not owed slaves.
The other side of the coin is that customers aren’t obligated to buy. There’s always a limit to how expensive you can make a product/service before people will simply stop paying for it. Trying to find that balance point can be damned difficult.
Yeah, that’s a market.