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The Herman Trend AlertJune 15, 2022Banking: An Industry in UpheavalA couple of weeks ago on a Saturday, a good friend of mine called me while she was waiting for her husband to make their monthly deposit of rent checks. Though there are four branches in Beverly Hills, none was open ....
From cemeteries to amusement parks, production lines to surgical suiters, millions of jobs remain unfilled. Competition for workers is fierce. An unprecedented, but not unexpected, post-pandemic labor shortage is forcing many businesses to cut back on hours and curtail services. Unable to hire enough workers, some manufacturers are missing production deadlines and construction companies are turning away business. What are the chances that the labor markets adjust? Future of work global thought leader Ira S Wolfe suggests not likely. Â According to Wolfe, The Perfect Labor Storm has arrived. Â He forecasted these unprecedented shortages of skilled workers as far back as 1999, followed by the publication of two editions of The Perfect Labor Storm in 2004 and 2007. Much like climate change advocates. Wolfe has faced his fair share of critics and deniers over the years. Today, he feels both relief an ....