If Companies Are Desperate For Workers... Why Can Nobody Find A Job?

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My Other Channel: @HowHistoryWorks

Edited By: Andrew Gonzales

Music Courtesy of: Epidemic Sound

Select Footage Courtesy of: Getty Images

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#business #career #finance
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There are nine points six MILLION [9,600,000} job openings in America right now and businesses are desperate to fill roles that have now been empty for months.

BUT at the same time you are reading endless articles about people who have applied to thousands of jobs and haven’t heard anything back from the companies that were supposed to be desperate for workers.

So if there are so many job opportunities, then why can’t anybody get a job?

According to the U.S. Bureau of Labor Statistics there are currently nine point six million [9,600,000] job openings in America and only six point five million [6,500,000] unemployed people. So why not just take the openings that desperately need workers, and give them to the people that desperately need jobs?Well, it’s not that simple and there are two reasons why companies are struggling to fill roles even when so man people are looking for a job, and two equally important reasons why people can’t find a job even when so many companies are looking for workers.

The first reason why people can’t find jobs even when companies have so many open positions is because it’s easier for a company to look desperate than it is for a human to. According to the Congressional Research Service the number of job openings is calculated using a survey of sixteen thousand [16,000] business establishments on the last day of the month to assess if a job opening exists. According to the informational guidelines a job opening only has to meet three criteria to be counted.

a specific position exists and there is work available for that position;

the job could start within 30 days, and

the establishment is actively recruiting outside workers.

There are companies that are constantly advertising job openings for positions that are hard to fill OR are subject to high turnover. Last year Endgadget a technology newspaper received leaked internal report from Amazon which revealed that the company had a staff turnover rate of one HUNDRED and fifty percent [150%]. That means Amazon which has one point six million employees [1,600,000] was hiring two point four million people [2,400,000] every year just to maintain it’s workforce. In the same year only a third [1/3rd] of Amazon’s new hires stayed with the company for longer than 90 days before quitting, getting fired, or getting laid off. With that much turnover the company doesn’t bother to remove job listings once someone get’s hired to fill a role. Warehouse staff are continuously being onboarded and offboarded at almost the same rate so hundreds of thousands of positions stay open across the country.

Amazons hiring practices for some of their best paid and most attractive job opportunities ALSO showed how easy was for job opening numbers to paint the wrong picture. ANOTHER Amazon internal document reviewed by Business Insider revealed that the companies Web Services Utility Computing Team posted twenty-five THOUSAND [24,988] job openings in 2022 but only seven thousand eight hundred [7,800] of these positions were actually approved to be filled. This also happened in a year that amazon was laying off more staff than they were hiring.

The strategy that these companies and hiring managers are using is to constantly have positions open to attract top talent, if anybody that is not OVERQUALIFIED for these positions applies for them, they just get rejected. Amazon is not the only company that does this, most of the top tech, finance and consulting companies do exactly the same thing. Amazon is just not as good at keeping internal documents from the press. So even though you might think it’s the best time ever to get a job, the numbers are misleading and that’s just the first reasons, there are much bigger problems than just numbers.

So it’s time to learn How Money Works to find out why with so many job openings people still can’t find a job.

[toldfable]

It should be illegal for companies to post ghost jobs. Saying you’re hiring when you’re not really is fraud and should be treated as such.

[traetrae]

Not accepting low pay when rent, groceries, and all other basic costs have increased is not being “spoiled”. It’s called surviving 😒

[SilentOmenx]

Calling people "spoiled" for simply not allowing crooks to exploit them for starvation wages is pretty tone deaf, dude.

[victoriascholl]

My son lost a job and looked for over a year trying to find work, he finally found work - but he put in hundreds of applications without getting any calls!!! The few calls he received were scams! He was very panicked!! it shouldn't be this hard if you want work!

[ADobbin]

Its because employers refuse to train people. There is no worker shortage. There is a shortage of cheap labour.

[obinnaoguike]

I was turned away for a job because I was “overqualified and over experienced ” which translates to “we can’t pay you what you’re worth.” They are seeking cheap labor, nothing else.

[Reaper-mlly]

If you're struggling to find work, it's not your fault, we currently live in clown world, and it's not just tech, every industry is experiencing this.

[HavianEla]

Dude, I’m so desperate I WOULD take those low paying jobs. I’ve applied to quite literally 300+ jobs, online and in my area, and I’ve received FIVE interviews. I’m a disabled woman in my mid twenties still living with my mom. I want to WORK and LIVE A LIFE OF MY OWN! This video literally has me in tears because I’m so desperate. We literally can go two or three days at a time without eating because we literally can’t afford ANYTHING!

I’ve literally had to pawn a very sentimental piece of jewelry to me that held significance by reminding me of my recently deceased father - it was a heart pendant made with diamonds and gold we had found together. Had to pawn it for less than it was worth, just so we could eat and get life saving medicine. Wasn’t the first, nor will it likely be the last sentimental material good I will have to part ways with to pawn, not that I really have much else.

I’m so crushed, man. I just want to work so I can take care of my family, is that really too much to ask for?

[joshuagharis]

Companies "can't " pay more? Nah, bruh, thats just plain wrong. If they didn't pay executives 300 to 400 times the average salary, they could pay more

[jaaa]

Asking for a living wage isn't being "spoiled". It's called needing enough money to live off of.

[Metal_junk]

Can’t even get hired at a Walmart, or Lowe’s here. Lowe’s sends me a “sorry we’re looking at other candidates” email at midnight…

[goddessbraxia]

My dad doesn't believe this is an actual thing. 1 year, 700 applications later, only 8 interviews, 4 of which were middleman hiring companies and not the actual employer. and the only job I could find was my old job at Walmart, and then another 3 months later, Lowe's. neither of which are wages I can/could survive off of. I'm a 6yr Navy Vet who operated nuclear powerplants, managed personnel and have a bachelors degree in Graphic design. Not only can I not find work in areas I want or am actually qualified for, I struggle to find jobs in basic stuff that is, at best, going to put food on my plate. forget having a place to live or any sort of comfort.

[HantaleMedia]

"People are unwilling to accept lousy salaries after being spoiled for the last three years. And companies are not willing to pay as much as they were because... they can't."

I'm sorry what planet are you on? Cause over here on earth workers have been fighting tooth and nail for even tiny pay rises, and companies have been making record profits SINCE covid.

[courtneyshannon]

"Ghost jobs" should be considered fraud. If they are not hiring, it's not a real job posting and should not be allowed. The fact that LinkedIn doesn't punish or call out companies that do this is the problem.

[badgamedevreacts]

I make double minimum wage, I can't afford my own car, and I can't afford an apartment without a roommate, I've looked for other jobs, but most of the opportunities either require decades of experience and a laundry list of qualifications, or they don't pay even $15 an hour, the job market can kiss my ass, why are people stealing from stores, why are things going to shit, because we literally live in a world where you can't make it being a normal person working a normal job with normal living expectations.

[alphacentauri]

This is pretty much spot on. I applied for a decent paying tech/software sales job (90K:-130K) and managed to score an interview as the result of a high level connection I have within that company. The internal recruiter took her time responding to my email, and when we finally set up the call the first thing she mentioned was that they're always looking for high level business development reps. In other words, the job is always posted. She went through the motions and was actually very engaging, but I knew it was a dead-end attempt on my part. There was no imminent need for filling the role I applied for. I received an email three weeks later that the company has decided to blah..blah..blah.

[JayJayGaming]

If workers can't get unemployment benefits if they stop looking for a job, then companies shouldn't get subsidies if they don't hire people they say they need

[indridcold]

I've done an interview with Apple in Ireland. During the interview I asked specific questions ('who will be my manager...' etc) and they could not answer. Couple weeks later I spoke to a friend who worked at Apple and he said that Apple is not hiring anyone due to a hiring freeze. Apple called that day to tell me 'Oh this was the best interview we ever got! But... call us back in 6 months the position is not open.' I asked them to remove me out of their HR database and go scr*w themselves for wasting my time. Thats what we are up against these days.

[frankprit]

I've been through this about 4 times now, it is very symptomatic of the early phase of a RECESSION.
Companies want to look prosperous even though they have NO intentions if hiring anyone.

[Zamkuma]

I’m 21 and I’ve been trying to find a job for almost a full year. Honestly feels like a waste of time at this point! I’ve started my own small business in the mean time for money, getting certifications as well. Yet everyone older than me said “you can switch your job easy!” “You’re young so you’ll get hired fast.” That was not the cast….at all! This has been the most annoying and difficult year of my life…