You know them: They're recruiters, they're human resources consultants, they're "jobs experts" who in good times justify their existence by chattering incessantly about a "tight skilled labor market" that's independent of the economy, that has everything to do with demographic changes in the U.S., the Generation Y baby bust, yada yada yada.
You know the jive.
"I'm hearing across the board, across industries, companies
indicating they can't exploit market opportunity because they can't
find people with the right skills," said Jeff Summer, an executive at
Deloitte Consulting said in a CNN Money article from Jan. 5, 2007. He said
that there's virtually no long-term unemployment for skilled workers. "It's down to the nub already," he said. "Supply and demand is completely out of whack."
Looks like it's getting back in whack real quick.
"Younger employees know there's a shortage of skilled workers," writes career consultant Marilyn Moats Kennedy on her website. "And they're not about to be exploited (work long hours, be loyal as a dog) as Boomers were."
Bet she didn't write that in the last six months.
"The future U.S. workforce is facing not only a worker shortage but also a skills shortage," wrote Tom Casey, an "expert in the development of organizational transformation strategies" on his company's blog, on March 21, 2008. I don't know what has happened to Tom since then, because when you search the blog for his name, the following message is all that appears, from a Julie Coogler:
"Oh Tom! I am so sad….I will certainly miss you….I don’t know who I will go
to anymore! More and more of my colleagues and family are now gone from
TCG and I am just a helpless sheep waiting for the slaughter! I guess the best thing to do is to hold our heads up and know that
we have our health and families and other opportunities will unfold!"
We'll know we're on the rebound from this recession when we start hearing once again about the perils of the "tight labor market" that's independent of the economy.