"Things Are Out Of Control": Supply Chain Collapse Leads To Lumber Frenzy, Soaring Home Prices

The company typically needs about 50 people to work across eight lumber yards and is currently short of that by as much as 20%, according to Brian Nunes, the director of operations. The positions pay about $3 an hour above minimum wage -- $15 to $20 hour depending on state location.

It’s so hard to find employees that Sherwood is now bumping the usual wages by roughly $1.50 to $2 an hour.

“To not have applicants and not have a labor pool, where you’re struggling to get a single applicant, is very abnormal,” Nunes said. “A labor shortage, compounded with reduced trucking capacity will continue to have an adverse effect on availability in our industry, which will continue to keep lumber prices in this unprecedented range.”

Well.... there is a simple solution to a labor shortage, whether caused by the government or natural - higher wages. After all, that's the endgame the Fed wants in order to make inflation "non-transitory." So far, however, most companies prefer to complain about a broken labor market, rather than taking matters into their hands and making paid work more attractive than sitting on your ass and collecting weekly benefit checks.

1 2 3 4
View single page >> |

Disclaimer: Copyright ©2009-2021 ZeroHedge.com/ABC Media, LTD; All Rights Reserved. Zero Hedge is intended for Mature Audiences. Familiarize yourself with our legal and use policies every time ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.