Thu. Nov 7th, 2024

Unless you have been living under a rock, you should be aware of an acute nurse shortage largely caused by Covid these past two years but the problem existed years BEFORE Covid.

And you might be aware of the current truck driver shortage that has been causing supply chain issues these past two years as well but what you may not know is there are plenty of other shortages too.

This week, airline CEO’s got a turn at the congressional gauntlet of grand standing, show boating and pea-cocking to discuss the state of airlines. A key outcome of course was that there is a significant pilot shortage and the problem is growing. It seems when covid hit, the airlines offered their pilots early retirement packages and many pilots took them and moved on with their life. As the economy comes back, there aren’t enough pilots to go around and these aren’t people that can be hired right off the street and put into a plane, they require years of training.

But the problem doesn’t stop there, based on our review of the projected shortfalls from BLS data in our very second post, we found there would be significant shortfalls in 2030 in these areas:

  • Buyers and purchasing agents, farm products
  • Clergy, Judges, magistrates, and other judicial workers
  • Library technicians
  • Floral designers
  • Musicians and singers
  • Podiatrists
  • Crossing guards and flaggers
  • School bus monitors
  • Hosts and hostesses, restaurant, lounge and coffee shop
  • Other entertainment attendants and related workers
  • Postal service workers (all kinds)Legal secretaries and administrative assistants
  • Construction and building inspectors
  • Tailors, dressmakers and sewersDrivers (bus, transit, school, truck)
  • Motor vehicle operators
  • We have written about farmers here. And there are growing reports about lawyer shortages here and here. The first link discusses business law while the second refers to a growing shortage of pubic defenders which is impacting the criminal judicial system negatively.

    The problem doesn’t stop there either. Our favorite real estate YouTuber Reventure recently had a very worthy video on how demographics will wreck real estate and we encourage you to watch the whole hour long video.

    We think that if nothing is done to address all of these issues, and we are limited in solutions ourselves, then the United States may very well head into a mixture of deflationary collapse and massive labor inflation into the late ’20s.

    The best thing to do is to invest in companies that will survive the mayhem and chaos and be able to provide returns either via growth, dividends or both. We continue to crunch the numbers and research investments.

    Stay tuned and stay solvent.

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