Talk Back Guest on the demand for workers in the service industry

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They are everywhere.

Ask for help; open positions; all shifts; the salary starts at $ 14 to $ 15 per hour to start.

It’s a nationwide phenomenon as the economy reopens after the COVID 19 pandemic.

KGVO’s Talk Back program hosted three professionals from SG Long and Company to discuss issues surrounding the economy of the country, state and Missoula.

Josh Denny gave his opinion on the employment issue.

“As we go back up this is where there has been a lot of difficulty in terms of hiring,” Denny said. “It could be driven by a variety of different factors. It could just be a time lag, and we could get there in a few months. But right now, as we’re sitting here today, it’s that kind of service arena where job postings seem to be prevalent, and also they kind of seem to be staying open a lot longer than they actually are. ‘would have done before COVID. “

Denny said that with so many new people discovering that they can live anywhere while doing their work remotely, it sets up a whole new employment paradigm. These people already have good jobs, so they will not apply for service jobs.

“All these regions that have accepted all these new people have even created additional stress on their situation of shortage of jobs because there is now more demand, but there is no additional supply in terms of ’employees. So that creates a kind of interesting paradox for this particular place, ”he said.

Denny provided some revealing statistics.

“The percentage of the US economy in terms of GDP that is considered the service sector is almost 77%,” he said. “Compare and compare that to agriculture, for example, which now accounts for less than one percent of GDP. If you look back several decades, that relationship would be very different. “

Denny also shared the numbers on the US service industry.

“The size of the service sector in terms of dollars is around $ 15.5 trillion, so it’s huge,” he said. “As I mentioned earlier, the service sector is not just bars, restaurants, hotels, etc. It also includes a lot of professional services, health workers, that sort of thing. So there are nuances to those big flashy numbers, but all the same, it’s become a gigantic part of what the US economy is. “

Listen to the full program by clicking on the link above.

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