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Skills shortage 'to get worse'; Investors upbeat on Coles, but eye detail; Merger to fast-track mine; ASIC raises alarm over new CFD trade risks; Bad blood to hurt tourism

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Sydney
When you use the phrase "labor shortage" or "skills shortage" you're speaking in a sentence fragment. What you actually mean to say is: "There is a labor shortage at the salary level I'm willing to pay." That statement is the correct phrase; the complete sentence and the intellectually honest statement. Don't speak about shortages as though they represent some absolute, readily identifiable lack of desirable services. Price is rarely accorded its proper importance in this sort of "worker/skill shortage" rhetoric. If you start raising your wages and improving working conditions, and continue to do so, you'll solve your “shortage” and will shortly have people lining up around the block to work for you even if you need to have huge piles of steaming manure hand-scooped on a blazing summer afternoon. Re: Shortage due to retirees: With the majority of retirement accounts down about 50% or more, people entering retirement age are being forced to work well into their sunset years. So, you won’t be getting a worker shortage anytime soon due to retirees exiting the workforce. Okay, fine. Some specialized jobs require training and/or certification, again, the solution is to raise your wages and improve benefits. People will self-fund their re-education so that they can enter the industry in a work-ready state. The attractive wages, working conditions and career prospects of technology during the 1980’s and 1990’s was a prime example of people’s willingness to self-fund their own career re-education. S

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