"We've Never Seen Anything Like This" - Freight Companies Scramble To Hike Wages As Trucker Shortage Intensifies [zero hedge]
Alphabet Inc. - Class C Capital Stock (GOOG)
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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Source: zero hedge
Millennials would apparently rather live in their mothers' basements for the rest of their lives than take a "blue collar" job like joining the ranks of America's long-haul truckers - and that's creating serious problems for the US economy that could prompt the Federal Reserve to hike interest rates even more quickly, as the central bank attempts to head off an "overheating" economy.In a report published Tuesday, the Washington Post became the latest US news organization to explore the factors driving up freight costs in the US. These include a shortage of drivers that is forcing trucking companies to hike wages at a seriously rapid clip. As we pointed out last year, the Trump administration's focus on restoring blue-collar jobs in the US has inadvertently helped create a "yuge" labor shortage. According to a study done by one industry group, freight companies could be facing a shortage of more than 175,000 drivers by 2024.The problem is that few young people are willing to dedicate t
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- 4/17/24 - Form 144
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