Search
  • Jeffrey Goldfarb

Our Employment Problem

Labor | Jobs | Buffalo, NY | New Orleans, LA | Certified B Corp 

Too Many Jobs

While fears of automation and foreign workers taking jobs still plague most social media sights a few statistics might shift our focus to more pressing concerns. With labor markets tight, and national unemployment at 4.1% middle America is facing a labor problem on the producer side. There just aren’t enough workers to fill the open jobs.

While the coasts are growing, states like Iowa are unable to fill a labor force, even for jobs that provide “free programs to train workers.”[1] There are just too many vacant jobs. The Wall Street Journal reports there are nearly 200,000 more jobs than unemployed laborers in the Midwest.[2] The article goes on to say 63% of rural job openings report to having too few applicants.

This is not a time to cut our labor market off from the rest of the world. PEW reports that millennials are not only getting married later and less frequently, but are also having fewer kids than previous generations.[3] This means our future labor force will be too small without outside help. Future generations just won’t have the man power to fill the shoes of the large populations before them.

The other issue is younger generations just don’t want to live in the Midwest. Millennials are moving less[4] and the ones that are moving are leaving the Midwest. Illinois had the highest percentage of people leaving the state in 2017.[5] The rest of the Midwest had similar numbers: “A net 1.3 million people living in the Midwest in 2010 had left by the middle of last year [2017].”[6]

This doesn’t have to be a negative though. The American private sector is still one of the most attractive markets to work in. Laborers, and entrepreneurs want to work here; they want to build something here, and all we have to do is let them.


Links are being provided for information purposes only.  Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed web sites or their respective sponsors.  Raymond James is not responsible for the content of any web site or the collection or use of information regarding any web site’s users and/or members.

[1] http://globegazette.com/news/iowa/reynolds-signs-future-iowa-plan-into-law-to-address-high/article_aa42735d-51bf-5821-8c94-4a7d473afa5d.html

[2] https://www.wsj.com/articles/iowas-employment-problem-too-many-jobs-not-enough-people-1522580400

[3] http://fox8.com/2017/11/20/baby-bust-millennials-arent-having-enough-babies-to-keep-up-with-generation-before-them/

[4] http://www.pewresearch.org/fact-tank/2017/02/13/americans-are-moving-at-historically-low-rates-in-part-because-millennials-are-staying-put/

[5] https://www.forbes.com/sites/karstenstrauss/2018/01/10/the-u-s-states-people-are-fleeing-and-the-ones-they-are-moving-to/#2e58dc8326c3

[6] https://www.wsj.com/articles/iowas-employment-problem-too-many-jobs-not-enough-people-1522580400

7 views
 

Subscribe Form

(716) 842-0145

4549 Main St Suite 200 Buffalo, NY 14226

900 Camp St Suite 4C5 New Orleans, LA 70130

  • Facebook
  • YouTube
  • LinkedIn
  • Twitter

Raymond James financial advisors may only conduct business with residents of the states and/or jurisdictions for which they are properly registered. Therefore, a response to a request for information may be delayed. Please note that not all of the investments and services mentioned are available in every state. Investors outside of the United States are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this site. Contact your local Raymond James office for information and availability. Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed websites or their respective sponsors. Raymond James is not responsible for the content of any website or the collection or use of information regarding any website’s users and/or members. Raymond James Financial Services is not affiliated with New Orleans Chamber of Commerce.

https://brokercheck.finra.org/

Securities offered through Raymond James Financial Services, Inc., Member FINRA/SIPC Privacy Policy</a/<a

Goldfarb Financial is not a registered broker/dealer and is independent of Raymond James Financial Services, Inc. Investment advisory services offered through Raymond James Financial Services Advisors, Inc.

Certification awarded by an independent nonprofit organization B Lab. This certification recognizes businesses that meet rigorous standards of social performance, accountability and transparency. The 2019 Best for the World lists are determined based on the verified B impact Assessments of Certified B Corporations. The B Impact Assessment (BIA) is a free Online tool designed to comprehensively measure the positive impact that businesses generate for their communities, customers, workers, and environment; administered by the independent nonprofit B Lab. Criteria can be found at https://bcorporation.net/2019-best-for-the-world. The ranking may not be representative of any one client’s experience, is not an endorsement, and is not indicative of the firms’ or the advisor’s future performance. Neither Raymond James nor any of its Financial Advisors pay a fee in exchange for this award/rating. B Impact and Best for the World is not affiliated with Raymond James.

We receive, collect and store any information you enter on our website or provide us in any other way. In addition, we collect the Internet protocol (IP) address used to connect your computer to the Internet; login; e-mail address; password; computer and connection information and purchase history. We may use software tools to measure and collect session information, including page response times, length of visits to certain pages, page interaction information, and methods used to browse away from the page. We also collect personally identifiable information (including name, email, password, communications); payment details (including credit card information), comments, feedback, reviews, recommendations, and personal profile. When you conduct a transaction on our website, as part of the process, we collect personal information you give us such as your name, address and email address. Your personal information will be used for the specific reasons stated above only. We collect such Non-personal and Personal Information for the following purposes: To provide and operate the Services; To provide our Users with ongoing customer assistance and technical support; To be able to contact our Visitors and Users with general or personalized service-related notices and promotional messages; To create aggregated statistical data and other aggregated and/or inferred Non-personal Information, which we or our business partners may use to provide and improve our respective services; To comply with any applicable laws and regulations. All direct payment gateways offered by Wix.com and used by our company adhere to the standards set by PCI-DSS as managed by the PCI Security Standards Council, which is a joint effort of brands like Visa, MasterCard, American Express and Discover. PCI-DSS requirements help ensure the secure handling of credit card information by our store and its service providers. If you don’t want us to process your data anymore, please contact us at adam.goldfarb@raymondjames.com or send us mail to: 295 Main St Ste 914 Buffalo, NY 14203. We reserve the right to modify this privacy policy at any time, so please review it frequently. Changes and clarifications will take effect immediately upon their posting on the website. If we make material changes to this policy, we will notify you here that it has been updated, so that you are aware of what information we collect, how we use it, and under what circumstances, if any, we use and/or disclose it. If you would like to: access, correct, amend or delete any personal information we have about you, you are invited to contact us at adam.goldfarb@raymondjames.com or send us mail to: 295 Main St Ste 914 Buffalo, NY 14203.

<script type="text/javascript">
_linkedin_partner_id = "2160274";
window._linkedin_data_partner_ids = window._linkedin_data_partner_ids || [];
window._linkedin_data_partner_ids.push(_linkedin_partner_id);
</script><script type="text/javascript">
(function(){var s = document.getElementsByTagName("script")[0];
var b = document.createElement("script");
b.type = "text/javascript";b.async = true;
b.src = "https://snap.licdn.com/li.lms-analytics/insight.min.js";
s.parentNode.insertBefore(b, s);})();
</script>
<noscript>
<img height="1" width="1" style="display:none;" alt="" src="https://px.ads.linkedin.com/collect/?pid=2160274&fmt=gif" />
</noscript>