FINANCIAL TIMES:
Manufacturing companies in the US are struggling to find workers with technical skills even though the sector has shed more than 2m jobs in the past two years. The shortage of skilled staff could restrict companies’ ability to step up production as the economic recovery gathers pace.
In interviews with the Financial Times, groups ranging from Boeing – one of the US’s biggest manufacturers and exporters – to small companies also said they faced a wave of skilled workers reaching retirement age in the next few years, with a shortage of younger workers to replace them….
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Perhaps this is because many of these jobs no longer offer above-average pay and benefits like they once did, as U.S. companies attempt to compete with overseas manufacturers that have far lower labor costs.
It is worth noting that one of these labor costs is health care, a financial burden which in most countries is carried by government agencies instead of business.