What industry has the most job shortages?

A low supply of skilled laborers drives supply chain shortages. The industries with the most job openings during the labor shortage are the transportation industry, the health care and social assistance industries, and the accommodation and food industries, according to the U.S. Chamber of Commerce.

deseret.com - Here are the top 3 most impacted industries of the labor shortage

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If supply chain issues aren’t bad enough, the short supply of skilled workers is contributing to inflation, along with the high demand for certain products this holiday season. The industries with the most job openings during the labor shortage are the transportation industry, the health care and social assistance industries and the accommodation and food industries, according to the U.S. Chamber of Commerce. By having fewer workers available, the production and manufacture of certain products becomes more expensive and harder to supply. By fighting this labor shortage, the U.S. Chamber of Commerce said, prices could begin trending downward.

What skilled workers are needed?

Indeed recently listed the top 20 jobs that are in highest demand, as posted on its website. These jobs include registered nurses, optometrists, site-reliability engineers, pharmacists and real estate agents. Many of the in-demand jobs are in the health care industry. All of these positions require some sort of education or training that takes time to get, which leads to the question, “How much time will it take to leave the labor shortage behind us?” There’s no way of knowing for sure, but economist Dante DeAntonio of Moody’s Analytics predicted last year that the labor shortage caused by the COVID-19 pandemic would end near the middle or end of 2023, according to USA Today.

What’s causing a labor shortage?

This shortage is because of the COVID-19 pandemic and other factors like the “great resignation,” which both left 10 million job openings but only about 5 million unemployed workers to fill them, per the U.S. Chamber of Commerce. A study by the National Bureau of Economics found that COVID-19 reduced the U.S. workforce by hundreds of thousands. “Many who fall ill but survive Covid-19 suffer from enduring health problems,” according to the study. “Approximately 500,000 adults are neither working nor actively looking for work due to the persistent effects of Covid-19 illnesses.” The leisure and hospitality industry — one of the most affected by the pandemic — is expected to be the fastest-growing industry as the nation recovers and people want to go out more, per the U.S. Bureau of Labor Statistics.

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How much money does TikTok give you for 1 million views?

ngpf.org - QoD: How much can TikTok creator make from 1 million views? - Blog

Aug 31, 2022

Question of the Day

The TikTok video you made in your spare time went viral and hit 1 million views. Time to quit your day job?

Answer: Between $20 and $40 (or 2-4 cents per 1,000 views)

Questions:

Have you or any of your friends built an audience on TikTok? How easy or difficult was it?

Are there other ways to make money from having a significant set of followers on TikTok?

Does this information change your opinion of whether you can make a living off of TikTok videos?

Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (Plannthat.com):

In broad terms, the creator fund will pay between 2 to 4 cents per 1,000 video views. So, if your video gained 1 million views, you could make $20 to $40. But the creator fund is just one way to earn an income through TikTok! For creators that secure brand partnerships, you can unlock a much more lucrative stream of income through sponsored content. Usually, brands will want to see your audience size and engagement rate when deciding how much they’ll pay you for producing sponsored content.

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Your students can put their influencer skills to the test with NGPF's Influenc'd arcade game.

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Looking for other TikTok related content on the NGPF site? Here's what our search tool found.

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