Austin Hufford
speaker
97 appearances
2 recordings
1 series
first heard Dec 2019
last heard Jan 2020
Austin Hufford’s voice in public audio — every appearance, attributed to the second.
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Appearances
Right, because for many of these positions, they're trying to find people with specific skills, whether it's welders, whether it's people who know how to program machines.
It's not as much for the average day laborer.
In most economies, in most parts of the country, you could...
hire a day laborer for relatively affordably.
But finding a welder is really difficult almost everywhere.
Yes, in many cases.
But remember, though, just because they're specialized doesn't mean it takes forever to get them.
You know, some of these companies say they hire welders who've only taken a two-month intensive course, you know, so they aren't requiring, you know, four-year bachelors necessarily.
I mean, frankly, companies say that there just aren't enough to go around and that they really are hoping that community colleges and other programs kind of step up and produce more welders in the years to come and other types of skills.
You know, they really do think that there is an actual shortage and that if every company was able to hire people, the economy might even grow even faster.
Yeah.
So in December, wages grew 3%.
And that was the highest since 2016.
And so, you know, that's a really good sign for these workers is that it's not only benefits, but it's hard cash that's increasing.
Interestingly, also, is that U.S.
manufacturing wage growth is actually now outpaced wage growth for the economy as a whole.
And that was the first time that's happened in several years.
So what that means is they basically can't produce enough products.
And so that means that even though they want to grow, they want to expand and they want to provide, whether it's garbage trucks or
Caterpillar engines, if a company can't hire enough workers, they in many cases won't be able to produce the goods they want.
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