Jobs

The Future of America’s Economy Looks a Lot Like Elkhart, Indiana

4/7/18
from The Wall Street Journal,
4/6/18:

The capital of RV manufacturing, which once had the worst unemployment rate in the U.S., is now facing labor shortages and rising home prices and wages.

The self-proclaimed RV capital of the world gives a glimpse of what the American economy looks like when operating at full tilt. High-school students around here skip college for factory jobs that offer great pay and benefits. For-hire signs sprout like roadside weeds. And workers are so flush that car dealers can’t keep new pickups on the lot. At the same time, the strains are showing. Employers can’t hang on to employees, and house prices are zooming. The worker shortage prompted a local Kentucky Fried Chicken restaurant to offer $150 signing bonuses. A McDonald’s failed to open for lunch last fall because managers couldn’t corral enough hands at $8 an hour to serve the lines waiting at the door.

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