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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Tradelite who wrote (33167)6/11/2005 4:56:23 PM
From: Elroy JetsonRead Replies (3) of 306849
 
The peculiar thing about long term labor shortages is that they can always solved by paying more.

In Los Angeles we have a shortage of housekeepers willing to work for $40 per day, yet we have a surplus of housekeepers willing to work for $50 per day.

We supposedly have a nursing shortage. Hospitals obtain special Visas to bring in nurses from Australia, South Africa, the Philippines and many other nations. Yet new nursing graduates from the US quickly move on to jobs in sales for pharmaceutical and medical supply firms due to the low pay and and poor working conditions in nursing. Is there a shortage of nurses, or just a shortage of nurses willing to work for inadequate pay for unpleasant employers?

Employers who treat their workers well, never experience a labor shortage.

Employers who experience a labor shortage can always solve their problem by working on their own character defects.
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