Wayne and Rob discuss changes in the labor force since the pandemic. Follow Bona US Professional online: Website: https://www1.bona.com/en-us/professional/ Subscribe on YouTube: https://www.youtube.com/BonaProfessional Facebook: https://www.facebook.com/bonauspro/ Instagram: https://www.instagram.com/bonapro.us/
1
00:00:11,211 --> 00:00:11,578
Hello.
2
00:00:11,578 --> 00:00:12,012
Welcome to
3
00:00:12,012 --> 00:00:13,313
another episode of On the Floor
4
00:00:13,313 --> 00:00:14,147
with Wayne and Rob.
5
00:00:14,147 --> 00:00:15,348
I'm Wayne Highlander,
6
00:00:15,348 --> 00:00:16,683
director of National Sales
7
00:00:16,683 --> 00:00:19,652
North America, Adhesives.
8
00:00:21,888 --> 00:00:23,356
Oh, my.
9
00:00:23,356 --> 00:00:24,391
We have.
10
00:00:24,391 --> 00:00:26,626
I'm Rob Johnson from Bona Training.
11
00:00:27,660 --> 00:00:30,397
Oh, but we have a new director
12
00:00:30,397 --> 00:00:31,631
in the house.
13
00:00:31,631 --> 00:00:32,565
Well, notice.
14
00:00:32,565 --> 00:00:34,567
Let's run through that one again.
15
00:00:34,567 --> 00:00:36,603
Please state your new title.
16
00:00:37,470 --> 00:00:38,405
I don't want to say.
17
00:00:38,405 --> 00:00:40,440
Oh, I want to hear it again.
18
00:00:40,440 --> 00:00:42,442
Everybody wants to hear it.
19
00:00:42,442 --> 00:00:44,944
Director of Sales.
20
00:00:45,245 --> 00:00:45,678
Okay.
21
00:00:45,945 --> 00:00:46,613
Okay.
22
00:00:48,782 --> 00:00:50,283
So get used to it.
23
00:00:50,283 --> 00:00:51,785
Director of
24
00:00:51,785 --> 00:00:54,487
the Office of Sales, North America.
25
00:00:54,487 --> 00:00:55,488
Director.
26
00:00:55,488 --> 00:00:57,157
Yeah, he's adhesive sales.
27
00:00:57,157 --> 00:00:58,458
North America.
28
00:00:58,458 --> 00:00:59,125
Yeah.
29
00:00:59,159 --> 00:01:02,162
So that's Canada and the United States.
30
00:01:02,462 --> 00:01:03,530
You know, if you look up any.
31
00:01:03,530 --> 00:01:05,799
And it could also mean Mexico,
32
00:01:05,799 --> 00:01:07,801
although I don't do anything in Mexico.
33
00:01:08,201 --> 00:01:10,904
I thought Mexico was lamb.
34
00:01:12,238 --> 00:01:13,039
That's a good question.
35
00:01:13,039 --> 00:01:15,575
Actually, it can be construed to mean
36
00:01:16,776 --> 00:01:18,511
any M as well,
37
00:01:18,945 --> 00:01:19,712
I believe.
38
00:01:19,712 --> 00:01:21,414
I don't know who you're just looking at.
39
00:01:21,414 --> 00:01:22,082
You're just looking
40
00:01:22,082 --> 00:01:23,783
to take over more territory.
41
00:01:23,783 --> 00:01:25,385
I don't do anything in Mexico anyhow.
42
00:01:25,385 --> 00:01:26,386
That's it.
43
00:01:26,386 --> 00:01:28,621
And we've got a great team up in Canada
44
00:01:29,155 --> 00:01:29,823
with Jordan
45
00:01:29,823 --> 00:01:32,192
and, and and Brad and Nico and Darren
46
00:01:32,192 --> 00:01:33,693
that take care of Canada. So.
47
00:01:33,693 --> 00:01:34,060
Yeah.
48
00:01:34,060 --> 00:01:36,429
So anyhow. I'm up here right now.
49
00:01:36,429 --> 00:01:39,199
I'm in Toronto doing a school with
50
00:01:39,199 --> 00:01:40,767
Jordan was in yesterday.
51
00:01:40,767 --> 00:01:42,869
Nico and Darren have them with me.
52
00:01:42,869 --> 00:01:44,871
So during a three day up here
53
00:01:44,871 --> 00:01:46,106
going really good.
54
00:01:46,106 --> 00:01:46,372
Great.
55
00:01:46,372 --> 00:01:47,240
Please, please,
56
00:01:47,240 --> 00:01:48,041
for God's sakes,
57
00:01:48,041 --> 00:01:48,842
don't say anything
58
00:01:48,842 --> 00:01:51,077
about your trip to Canada, okay?
59
00:01:51,077 --> 00:01:52,212
You said it. You're up there.
60
00:01:52,212 --> 00:01:52,745
Congrats.
61
00:01:52,745 --> 00:01:54,047
Let's just move on.
62
00:01:54,047 --> 00:01:55,081
Well, let me tell you about
63
00:01:55,081 --> 00:01:56,382
the trip up here. Mm hmm.
64
00:01:57,951 --> 00:01:59,152
No, no, that's okay.
65
00:01:59,152 --> 00:02:01,788
You hate my travel and trips to Canada.
66
00:02:01,788 --> 00:02:02,856
You know.
67
00:02:02,989 --> 00:02:04,424
Travel and stories.
68
00:02:04,424 --> 00:02:06,860
Yeah, I did get a promotion,
69
00:02:06,860 --> 00:02:09,896
and it's a it's an honor to lead a team.
70
00:02:09,896 --> 00:02:11,030
And, you know,
71
00:02:11,030 --> 00:02:13,133
a lot of things come with age,
72
00:02:13,133 --> 00:02:13,733
some of them,
73
00:02:13,733 --> 00:02:14,100
some of them
74
00:02:14,100 --> 00:02:16,002
good, some of them not so good.
75
00:02:16,002 --> 00:02:16,836
And
76
00:02:17,437 --> 00:02:19,939
yesterday I was going through a drive
77
00:02:19,939 --> 00:02:21,441
through with Judy.
78
00:02:21,474 --> 00:02:23,009
Now, if you're in East Tennessee,
79
00:02:23,009 --> 00:02:24,010
there's a fast food chain
80
00:02:24,010 --> 00:02:24,878
to no one else in the world
81
00:02:24,878 --> 00:02:27,113
knows about called pass
82
00:02:27,113 --> 00:02:29,115
B is in Paul A.L.S.
83
00:02:29,115 --> 00:02:30,150
Palace
84
00:02:30,383 --> 00:02:32,218
and they're hideous looking stores.
85
00:02:32,218 --> 00:02:33,153
And when I first moved here
86
00:02:33,153 --> 00:02:34,354
I could not understand why
87
00:02:34,354 --> 00:02:35,822
everybody was clamoring always.
88
00:02:35,822 --> 00:02:37,490
I mean, they're they're full every day.
89
00:02:37,490 --> 00:02:38,992
It's a drive through a fast food place.
90
00:02:40,326 --> 00:02:41,427
And then we moved here.
91
00:02:41,427 --> 00:02:43,563
And then now we
92
00:02:43,563 --> 00:02:46,032
we go to them twice a day, probably
93
00:02:46,032 --> 00:02:48,301
to get their AC, their ensuite, AC.
94
00:02:49,135 --> 00:02:51,571
But yesterday we went through the line
95
00:02:53,239 --> 00:02:56,075
and Judy said, two plain T's please
96
00:02:56,543 --> 00:02:59,045
and senior discount
97
00:02:59,179 --> 00:03:01,047
and. Wait, wait, wait.
98
00:03:01,047 --> 00:03:01,748
What?
99
00:03:02,182 --> 00:03:03,449
To your senior discount.
100
00:03:03,449 --> 00:03:05,118
I know. Well,
101
00:03:05,418 --> 00:03:06,853
I don't know about that, dude.
102
00:03:06,853 --> 00:03:08,321
Wait, wait, wait.
103
00:03:08,321 --> 00:03:09,455
You had to say that, like,
104
00:03:09,455 --> 00:03:10,223
senior discounts.
105
00:03:10,223 --> 00:03:11,791
He goes, Well, that's cheaper.
106
00:03:11,791 --> 00:03:13,893
Yeah, I know, but I. Yeah, how much?
107
00:03:13,893 --> 00:03:16,262
I mean, I don't know about that.
108
00:03:16,262 --> 00:03:16,863
There's the first time
109
00:03:16,863 --> 00:03:17,764
I heard it out loud,
110
00:03:17,764 --> 00:03:18,932
you know what I mean?
111
00:03:19,165 --> 00:03:19,933
And
112
00:03:21,734 --> 00:03:22,902
she said, well, they raised the price
113
00:03:22,902 --> 00:03:25,038
like four times in the last year.
114
00:03:25,038 --> 00:03:26,239
So
115
00:03:27,607 --> 00:03:29,042
it's funny how money,
116
00:03:29,042 --> 00:03:32,879
your perception of money changes in life
117
00:03:32,879 --> 00:03:33,646
as you get older.
118
00:03:33,646 --> 00:03:35,815
And I started thinking it was like that.
119
00:03:35,815 --> 00:03:37,984
It was like $0.20 a drink difference.
120
00:03:37,984 --> 00:03:38,384
Okay.
121
00:03:39,652 --> 00:03:42,388
But when I was a sophomore in high school
122
00:03:42,388 --> 00:03:44,557
and my older brother was a senior,
123
00:03:44,591 --> 00:03:46,926
we were living in Virginia
124
00:03:47,160 --> 00:03:49,062
going to Hampton High School,
125
00:03:49,062 --> 00:03:52,098
and we didn't bring our we
126
00:03:52,098 --> 00:03:54,067
we brought our lunch, okay?
127
00:03:54,067 --> 00:03:55,134
We didn't buy our lunch at school.
128
00:03:55,134 --> 00:03:56,102
We brought our lunch every day.
129
00:03:56,102 --> 00:03:58,504
Okay. But
130
00:03:58,671 --> 00:03:59,505
did you bring your
131
00:03:59,505 --> 00:04:00,473
did you bring your lunch
132
00:04:00,473 --> 00:04:02,175
or just take other kids?
133
00:04:02,175 --> 00:04:04,644
No, no, no. We brought our lunch.
134
00:04:04,644 --> 00:04:06,312
You sure? Yeah, positive.
135
00:04:06,312 --> 00:04:08,147
Oh, and they would do that, but.
136
00:04:08,147 --> 00:04:09,649
But for $0.35,
137
00:04:09,649 --> 00:04:11,451
you could buy a piece of cake. Right.
138
00:04:11,451 --> 00:04:13,686
This is a military school.
139
00:04:13,686 --> 00:04:14,854
Okay?
140
00:04:14,854 --> 00:04:16,623
And it was all military kids
141
00:04:16,623 --> 00:04:18,057
going there mostly.
142
00:04:18,057 --> 00:04:20,426
And so, you know, $0.35.
143
00:04:20,426 --> 00:04:22,228
I didn't have $0.35 on many occasions.
144
00:04:22,228 --> 00:04:22,762
Right.
145
00:04:23,296 --> 00:04:26,532
So what I what I would do is
146
00:04:27,467 --> 00:04:28,201
I would
147
00:04:28,201 --> 00:04:29,369
I would sneak into my dad's
148
00:04:29,369 --> 00:04:30,770
room, bedroom,
149
00:04:30,770 --> 00:04:31,871
like late at night
150
00:04:31,871 --> 00:04:33,706
or super early in the morning.
151
00:04:33,706 --> 00:04:35,074
And I bring a baseball with me
152
00:04:37,110 --> 00:04:39,078
and I would lo crawl
153
00:04:39,078 --> 00:04:41,247
to my dad's pants
154
00:04:41,247 --> 00:04:42,348
and rifle through there
155
00:04:42,348 --> 00:04:43,249
until I found some.
156
00:04:43,249 --> 00:04:45,818
You know, in there any money.
157
00:04:45,818 --> 00:04:47,987
But he had a lot of change.
158
00:04:48,087 --> 00:04:50,223
So.
159
00:04:50,823 --> 00:04:52,992
So we get 30, $0.35 out.
160
00:04:52,992 --> 00:04:53,393
Okay.
161
00:04:53,393 --> 00:04:55,628
For for for the chocolate cake.
162
00:04:56,062 --> 00:04:58,531
Now, the base the baseball was in case he
163
00:04:58,831 --> 00:05:00,733
he woke up and saw me, like,
164
00:05:00,733 --> 00:05:01,768
how are you doing?
165
00:05:01,768 --> 00:05:03,369
I see my ball.
166
00:05:03,369 --> 00:05:04,737
I like ball
167
00:05:04,737 --> 00:05:05,738
rolled into the room or whatever.
168
00:05:05,738 --> 00:05:07,707
And I was getting my ball right.
169
00:05:07,707 --> 00:05:10,743
So that's how I would get
170
00:05:11,077 --> 00:05:13,713
my, my piece of cake like that.
171
00:05:13,713 --> 00:05:15,581
We have cake that day
172
00:05:15,581 --> 00:05:17,817
and then one day and I was a guy
173
00:05:17,817 --> 00:05:18,651
that my brother,
174
00:05:18,651 --> 00:05:20,520
who's a senior,
175
00:05:20,520 --> 00:05:22,989
was in the lunch line ahead of me.
176
00:05:22,989 --> 00:05:25,091
I mean, like 20 people ahead of me.
177
00:05:25,091 --> 00:05:26,559
I just have to notice him, you know?
178
00:05:27,527 --> 00:05:29,262
And then I just happened to notice him.
179
00:05:29,262 --> 00:05:31,597
And the cake was like cellophane to the
180
00:05:32,432 --> 00:05:34,133
to the to the to the plate.
181
00:05:34,133 --> 00:05:34,801
Right.
182
00:05:35,335 --> 00:05:37,203
I notice him pick up a piece of cake
183
00:05:37,203 --> 00:05:39,472
and then just put it in his coat pocket.
184
00:05:39,472 --> 00:05:39,972
Okay.
185
00:05:43,443 --> 00:05:46,079
Well, we could not get caught stealing.
186
00:05:46,212 --> 00:05:47,647
I mean, that was, you know,
187
00:05:47,647 --> 00:05:48,815
you would never see that that
188
00:05:48,815 --> 00:05:50,083
that would be a problem.
189
00:05:50,083 --> 00:05:52,051
So I had to let Steve in on my little
190
00:05:52,051 --> 00:05:54,587
my little foray every morning,
191
00:05:54,787 --> 00:05:56,222
you know, late at night.
192
00:05:56,222 --> 00:05:56,989
And I'd have to get out
193
00:05:56,989 --> 00:06:01,027
another $0.35 for him.
194
00:06:01,027 --> 00:06:02,295
When you lived on a military base
195
00:06:02,295 --> 00:06:03,196
that oftentimes
196
00:06:03,196 --> 00:06:04,330
the neo clubs,
197
00:06:04,330 --> 00:06:05,598
the noncommissioned officer clubs,
198
00:06:05,598 --> 00:06:06,499
they would have
199
00:06:06,766 --> 00:06:08,101
they would have slot machines,
200
00:06:08,101 --> 00:06:10,303
one one armed bandits, you know,
201
00:06:10,303 --> 00:06:10,636
and that's
202
00:06:10,636 --> 00:06:12,705
why he had a lot of change in his pocket
203
00:06:12,705 --> 00:06:13,840
a lot of times.
204
00:06:13,973 --> 00:06:16,008
So I justify it like,
205
00:06:16,008 --> 00:06:17,076
all right, well, you're the one.
206
00:06:17,076 --> 00:06:18,344
Our man is going to get the money
207
00:06:18,344 --> 00:06:19,245
or the two arm
208
00:06:19,245 --> 00:06:20,513
band is going to get the money, you know
209
00:06:20,513 --> 00:06:22,915
what I mean? And so,
210
00:06:24,183 --> 00:06:24,817
you know,
211
00:06:24,817 --> 00:06:25,985
I look at now like, Julie,
212
00:06:25,985 --> 00:06:27,754
why would you even, for
213
00:06:27,754 --> 00:06:28,588
heaven's sakes,
214
00:06:28,588 --> 00:06:32,558
lower ourselves to say, senor discount,
215
00:06:32,558 --> 00:06:34,861
but your perspective changes over time.
216
00:06:34,861 --> 00:06:36,062
Yeah, that right?
217
00:06:36,062 --> 00:06:36,329
Yeah.
218
00:06:36,329 --> 00:06:38,965
Instead of getting the discount,
219
00:06:39,098 --> 00:06:41,200
I'm shocked that you just didn't
220
00:06:41,401 --> 00:06:44,504
go in and.
221
00:06:44,837 --> 00:06:46,472
And steal the ti.
222
00:06:46,472 --> 00:06:48,274
No, no, no, not anymore.
223
00:06:48,274 --> 00:06:49,075
You know, I'm not going to steal.
224
00:06:49,075 --> 00:06:49,942
That is too. Heavy.
225
00:06:49,942 --> 00:06:51,110
They're going to steal the ti.
226
00:06:51,110 --> 00:06:52,712
Now, any kind of volume
227
00:06:52,712 --> 00:06:53,513
would be too heavy.
228
00:06:53,513 --> 00:06:57,250
You didn't steal the ti, though.
229
00:06:57,250 --> 00:06:59,552
Yeah. You have no problem.
230
00:06:59,552 --> 00:07:00,353
With what.
231
00:07:00,853 --> 00:07:01,988
You highlander's
232
00:07:01,988 --> 00:07:04,023
just stealing the oil from your dad
233
00:07:04,023 --> 00:07:06,092
stealing for. Well, it's.
234
00:07:06,692 --> 00:07:08,227
Internally. It's fine.
235
00:07:08,227 --> 00:07:08,995
It's okay.
236
00:07:08,995 --> 00:07:10,863
As long as you keep it in the clan.
237
00:07:10,863 --> 00:07:15,635
Yeah, okay.
238
00:07:15,635 --> 00:07:16,302
Rob.
239
00:07:16,769 --> 00:07:19,305
Rob, I have got to read something.
240
00:07:19,305 --> 00:07:19,772
And,
241
00:07:20,907 --> 00:07:23,242
and this is a can I go ahead and do that?
242
00:07:23,242 --> 00:07:25,311
I think I was fascinated by this
243
00:07:25,311 --> 00:07:26,646
and I just really think
244
00:07:26,646 --> 00:07:27,780
it's super interesting
245
00:07:27,780 --> 00:07:30,149
and I was shocked by this news.
246
00:07:30,149 --> 00:07:30,983
Okay.
247
00:07:31,250 --> 00:07:33,085
I absolutely shocked by it.
248
00:07:33,085 --> 00:07:35,521
This comes from Builder magazine
249
00:07:35,521 --> 00:07:38,958
and the article is by Allie
250
00:07:39,058 --> 00:07:41,961
Wolfe, aliw0lf
251
00:07:42,495 --> 00:07:43,196
and it's entitled
252
00:07:43,196 --> 00:07:45,498
Where have the Workers Gone?
253
00:07:45,498 --> 00:07:47,300
Okay.
254
00:07:47,300 --> 00:07:48,234
So I'm just going to read you
255
00:07:48,234 --> 00:07:48,835
some of this
256
00:07:48,835 --> 00:07:52,271
that I thought was very interesting.
257
00:07:52,271 --> 00:07:52,939
All right.
258
00:07:52,939 --> 00:07:54,774
So this is from the Bureau
259
00:07:54,774 --> 00:07:56,642
of Labor Statistics. Okay.
260
00:07:56,642 --> 00:07:58,978
Job openings and labor turnover
261
00:08:00,112 --> 00:08:02,548
says that there are 0.6
262
00:08:02,548 --> 00:08:05,718
unemployed people per job opening,
263
00:08:05,718 --> 00:08:06,552
meaning there is roughly
264
00:08:06,552 --> 00:08:07,453
one person available
265
00:08:07,453 --> 00:08:09,555
for every two jobs posted.
266
00:08:09,555 --> 00:08:12,959
Isn't that amazing?
267
00:08:12,959 --> 00:08:16,496
So I'm going to go go on here.
268
00:08:16,496 --> 00:08:17,330
The prime plate,
269
00:08:17,330 --> 00:08:18,331
the prime age
270
00:08:18,331 --> 00:08:18,998
labor force
271
00:08:18,998 --> 00:08:20,066
participation rate,
272
00:08:20,066 --> 00:08:21,734
an important cut of the data
273
00:08:21,734 --> 00:08:23,970
only looking at those from 25 to 54
274
00:08:23,970 --> 00:08:24,904
years old
275
00:08:25,104 --> 00:08:27,006
has returned to its pre-pandemic level
276
00:08:27,006 --> 00:08:28,841
at 83.1%.
277
00:08:28,841 --> 00:08:29,375
The current rate
278
00:08:29,375 --> 00:08:33,212
is down from its peak 84.6% in 1999.
279
00:08:33,212 --> 00:08:37,316
But listen, the change in the labor force
280
00:08:37,683 --> 00:08:39,151
is of particular interest
281
00:08:39,151 --> 00:08:43,523
to the construction industry.
282
00:08:43,523 --> 00:08:45,925
The job openings
283
00:08:45,925 --> 00:08:46,993
in construction industries
284
00:08:46,993 --> 00:08:49,462
average 402,000 per month.
285
00:08:49,462 --> 00:08:50,563
Okay. That's in 2000.
286
00:08:50,563 --> 00:08:50,830
Went to
287
00:08:50,830 --> 00:08:51,330
this is up
288
00:08:51,330 --> 00:08:54,534
45% from 2018 when there were 2200
289
00:08:54,534 --> 00:08:57,003
77,000 openings per month.
290
00:08:57,003 --> 00:08:58,571
There are signs that there's a
291
00:08:58,571 --> 00:08:59,739
there's a better available
292
00:08:59,739 --> 00:09:00,740
ability of workers
293
00:09:00,740 --> 00:09:01,340
since housing
294
00:09:01,340 --> 00:09:03,409
starts are are down cyclically.
295
00:09:03,409 --> 00:09:05,378
But the lack of labor is
296
00:09:05,378 --> 00:09:07,513
is a longstanding issue.
297
00:09:07,513 --> 00:09:08,514
So the obvious question is
298
00:09:08,514 --> 00:09:09,448
where is the workers gone?
299
00:09:09,448 --> 00:09:10,850
And this is where I think is interesting.
300
00:09:10,850 --> 00:09:12,952
So where are the workers gone? Okay.
301
00:09:12,952 --> 00:09:14,453
They attributed to four things.
302
00:09:15,555 --> 00:09:16,989
One of these is shocking to me.
303
00:09:16,989 --> 00:09:17,356
Okay.
304
00:09:17,356 --> 00:09:19,425
But I'm going to start with well, what we
305
00:09:19,425 --> 00:09:20,059
one of the obvious
306
00:09:20,059 --> 00:09:21,961
is the aging workforce.
307
00:09:21,961 --> 00:09:23,563
Prior to the pandemic, 55
308
00:09:23,563 --> 00:09:25,531
plus the labor force participation
309
00:09:25,531 --> 00:09:28,834
rate, 55 years and older was 40.3%.
310
00:09:30,202 --> 00:09:32,071
Then it dropped to 38.6%.
311
00:09:32,071 --> 00:09:33,239
Recently,
312
00:09:34,373 --> 00:09:35,708
as the pandemic unfolded,
313
00:09:35,708 --> 00:09:37,877
many baby boomer boomers retired early
314
00:09:37,877 --> 00:09:38,744
or took an opportunity
315
00:09:38,744 --> 00:09:41,681
to take an extended break.
316
00:09:41,681 --> 00:09:43,349
These some of these will unretired,
317
00:09:43,349 --> 00:09:45,384
but that hasn't shown up in the data yet.
318
00:09:45,384 --> 00:09:49,288
Right?
319
00:09:49,288 --> 00:09:51,991
Hold on. Yeah,
320
00:09:52,058 --> 00:09:53,492
you said
321
00:09:53,659 --> 00:09:55,861
55 and younger.
322
00:09:55,861 --> 00:09:56,896
Yeah, right.
323
00:09:56,896 --> 00:09:58,564
55 in younger.
324
00:09:58,564 --> 00:09:59,065
Yeah.
325
00:09:59,065 --> 00:10:02,234
Only 38% of guys, 55 years old working.
326
00:10:04,503 --> 00:10:07,073
Prior to the pandemic, the 55
327
00:10:07,073 --> 00:10:08,274
plus year old labor
328
00:10:08,274 --> 00:10:10,876
force protection rate stood at 40.3%.
329
00:10:12,111 --> 00:10:13,479
Three years later,
330
00:10:13,479 --> 00:10:15,481
it dropped down to 38.6%.
331
00:10:16,282 --> 00:10:16,616
Okay.
332
00:10:16,616 --> 00:10:18,517
Because the baby boomers are retiring
333
00:10:18,517 --> 00:10:20,786
and going away and what have you. Okay.
334
00:10:20,786 --> 00:10:24,657
So 62% of guys with people
335
00:10:25,725 --> 00:10:27,860
over 55 aren't working.
336
00:10:28,861 --> 00:10:29,562
Yeah,
337
00:10:30,363 --> 00:10:33,032
that's a new.
338
00:10:33,032 --> 00:10:35,001
You got to be kidding me.
339
00:10:35,501 --> 00:10:37,236
Do you know anybody,
340
00:10:38,104 --> 00:10:41,007
55 or younger not working
341
00:10:42,208 --> 00:10:42,975
now.
342
00:10:43,809 --> 00:10:44,844
Wow,
343
00:10:45,611 --> 00:10:47,680
that's a crazy stat.
344
00:10:48,147 --> 00:10:49,215
So more systematic,
345
00:10:49,215 --> 00:10:49,982
though, is the fact
346
00:10:49,982 --> 00:10:51,484
that in 2030,
347
00:10:51,484 --> 00:10:52,652
all the baby boomers
348
00:10:52,652 --> 00:10:55,021
will be are of retirement age. Okay.
349
00:10:55,021 --> 00:10:57,056
This will lead to additional pressure
350
00:10:57,056 --> 00:10:57,523
on the labor
351
00:10:57,523 --> 00:10:59,358
force of the overall work age.
352
00:10:59,358 --> 00:11:00,660
And a generation is buying them.
353
00:11:00,660 --> 00:11:01,694
The Gen Xers.
354
00:11:01,694 --> 00:11:09,001
Okay, so let's see.
355
00:11:09,001 --> 00:11:10,069
Combined with that,
356
00:11:10,069 --> 00:11:13,272
with the general failing fertility rates,
357
00:11:13,272 --> 00:11:14,040
the US labor
358
00:11:14,040 --> 00:11:14,940
demographic pressure
359
00:11:14,940 --> 00:11:15,374
on both ends
360
00:11:15,374 --> 00:11:16,509
of the spectrum of the workforce
361
00:11:16,509 --> 00:11:17,810
is going to be a problem.
362
00:11:17,810 --> 00:11:20,446
So you've got younger kids
363
00:11:20,746 --> 00:11:23,082
having to carry the bulk of the work
364
00:11:24,483 --> 00:11:25,818
and they're not having kids.
365
00:11:25,818 --> 00:11:27,019
What the hell are they doing?
366
00:11:27,019 --> 00:11:27,720
They're not working.
367
00:11:27,720 --> 00:11:28,621
They're not having kids.
368
00:11:29,555 --> 00:11:30,022
And almost.
369
00:11:30,022 --> 00:11:33,259
Mona Lisa, if you're not working.
370
00:11:33,826 --> 00:11:34,860
The jig will be.
371
00:11:34,860 --> 00:11:36,762
Yeah, yeah, yeah.
372
00:11:36,762 --> 00:11:37,930
So so
373
00:11:37,930 --> 00:11:39,965
Eileen is on this call, so we can't get
374
00:11:40,332 --> 00:11:41,067
you know,
375
00:11:41,667 --> 00:11:43,769
we can't go too crazy down that path.
376
00:11:43,769 --> 00:11:44,670
But yeah,
377
00:11:44,670 --> 00:11:46,639
you would think if you're not working,
378
00:11:46,639 --> 00:11:49,208
but you really want production.
379
00:11:49,208 --> 00:11:50,176
This is the generation
380
00:11:50,176 --> 00:11:51,010
that we're you know,
381
00:11:51,010 --> 00:11:51,844
people are saying, yeah,
382
00:11:51,844 --> 00:11:53,012
these guys don't work, they don't work,
383
00:11:53,012 --> 00:11:54,313
they don't work, whatever.
384
00:11:54,313 --> 00:11:55,681
And couple
385
00:11:55,681 --> 00:11:57,783
that with more baby boomers are retiring.
386
00:11:58,417 --> 00:12:00,019
Bye bye bye.
387
00:12:00,019 --> 00:12:03,089
By the year everyone is retiring,
388
00:12:03,089 --> 00:12:03,989
it's going to put more pressure
389
00:12:03,989 --> 00:12:05,591
on them to work
390
00:12:05,791 --> 00:12:07,827
and they're not having kids.
391
00:12:08,360 --> 00:12:10,329
So that that's one problem. Okay.
392
00:12:10,329 --> 00:12:11,430
So the second problem
393
00:12:11,430 --> 00:12:14,500
I thought was super interesting to me
394
00:12:14,767 --> 00:12:16,268
and that is, well,
395
00:12:16,268 --> 00:12:17,937
I'll go to the next one is immigration.
396
00:12:17,937 --> 00:12:18,704
Okay.
397
00:12:18,904 --> 00:12:20,106
Immigration has traditionally
398
00:12:20,106 --> 00:12:21,674
been a way to help augment
399
00:12:21,674 --> 00:12:22,875
this domestic labor force.
400
00:12:22,875 --> 00:12:25,077
However, the surprising to me
401
00:12:25,344 --> 00:12:27,279
the the most recent data from the U.S.
402
00:12:27,279 --> 00:12:28,848
Department of Homeland Security indicates
403
00:12:28,848 --> 00:12:29,882
the number of people seeking
404
00:12:29,882 --> 00:12:31,317
permanent residency status
405
00:12:31,317 --> 00:12:32,752
has fallen from 30.
406
00:12:32,752 --> 00:12:34,920
There's fallen 37%.
407
00:12:34,920 --> 00:12:37,223
Okay, so that's down.
408
00:12:37,223 --> 00:12:37,623
All right.
409
00:12:38,591 --> 00:12:40,226
So the shortage of labor is
410
00:12:40,226 --> 00:12:41,794
is very severe enough
411
00:12:41,794 --> 00:12:42,461
that immigration
412
00:12:42,461 --> 00:12:43,729
looks like the most prominent short
413
00:12:43,729 --> 00:12:45,297
term solution.
414
00:12:45,498 --> 00:12:47,066
But it's
415
00:12:48,367 --> 00:12:49,502
not going to be able to ramp up
416
00:12:49,502 --> 00:12:51,403
fast enough to take up the void.
417
00:12:51,403 --> 00:12:52,037
But here's
418
00:12:52,037 --> 00:12:52,705
the third one
419
00:12:52,705 --> 00:12:56,242
that that really, I think is shocking
420
00:12:56,342 --> 00:12:59,178
drug abuse, drug abuse.
421
00:12:59,178 --> 00:13:01,714
The opioid epidemic epidemic
422
00:13:01,714 --> 00:13:03,048
is is another contributor
423
00:13:03,048 --> 00:13:04,850
to the constrained labor pool.
424
00:13:04,850 --> 00:13:05,785
They've been identified
425
00:13:05,785 --> 00:13:07,019
as a significant cause of death.
426
00:13:07,019 --> 00:13:07,653
The United States,
427
00:13:07,653 --> 00:13:08,954
and in turn,
428
00:13:08,954 --> 00:13:11,157
a decline in labor force participation.
429
00:13:12,091 --> 00:13:14,026
Is that shocking or what?
430
00:13:14,026 --> 00:13:15,327
Drug abuse?
431
00:13:15,327 --> 00:13:15,995
Yes.
432
00:13:15,995 --> 00:13:17,296
The report found that
433
00:13:17,296 --> 00:13:19,598
cumulatively since 2000,
434
00:13:19,598 --> 00:13:19,965
since the year
435
00:13:19,965 --> 00:13:20,966
2000,
436
00:13:20,966 --> 00:13:22,735
556,000 people
437
00:13:22,735 --> 00:13:24,737
have died of opioid overdoses.
438
00:13:24,737 --> 00:13:26,372
Not only is this a terrible
439
00:13:26,372 --> 00:13:27,006
human tragedy,
440
00:13:27,006 --> 00:13:28,274
but it's also adversely affects
441
00:13:28,274 --> 00:13:30,242
the number of people available to work.
442
00:13:30,242 --> 00:13:32,411
Wow. What about the methods
443
00:13:33,612 --> 00:13:34,380
that
444
00:13:35,114 --> 00:13:35,648
we can't
445
00:13:35,648 --> 00:13:36,682
do something
446
00:13:36,682 --> 00:13:39,385
like they can be the new heroes,
447
00:13:39,385 --> 00:13:40,653
you know what I mean?
448
00:13:40,986 --> 00:13:41,453
And
449
00:13:43,289 --> 00:13:44,356
I don't know.
450
00:13:44,590 --> 00:13:45,524
They seems like they could do
451
00:13:45,524 --> 00:13:46,592
like production,
452
00:13:46,592 --> 00:13:49,128
like delivering packages
453
00:13:49,128 --> 00:13:50,830
or some assembly line stuff.
454
00:13:50,830 --> 00:13:53,966
And they'll probably work for the dope.
455
00:13:53,966 --> 00:13:56,669
It's crazy.
456
00:13:56,669 --> 00:13:58,604
What about them methods?
457
00:13:58,604 --> 00:14:00,072
Additionally, other people that.
458
00:14:00,072 --> 00:14:02,041
My, my, oh my. Yeah.
459
00:14:02,575 --> 00:14:03,809
I do see other people
460
00:14:03,809 --> 00:14:05,010
that are facing addiction
461
00:14:05,010 --> 00:14:05,978
but have not died.
462
00:14:05,978 --> 00:14:08,581
Are also unavailable to work.
463
00:14:09,081 --> 00:14:09,915
They have put this number
464
00:14:09,915 --> 00:14:11,917
as high as 900,000 additional workers
465
00:14:11,917 --> 00:14:12,818
and unable to work
466
00:14:12,818 --> 00:14:16,622
due to various addiction issues.
467
00:14:16,622 --> 00:14:19,592
That is that is shocking to me.
468
00:14:19,592 --> 00:14:21,260
So that is one of the top
469
00:14:21,260 --> 00:14:23,495
four reasons top for reason work
470
00:14:23,495 --> 00:14:27,867
and yeah, dying or on dope on drugs.
471
00:14:27,867 --> 00:14:29,235
Yeah, yeah yeah.
472
00:14:30,202 --> 00:14:31,904
Somehow we should be like
473
00:14:31,904 --> 00:14:35,040
in in those addicted group is alcoholics
474
00:14:35,040 --> 00:14:36,175
and what have you.
475
00:14:36,175 --> 00:14:37,676
Somehow you just have to tailor them
476
00:14:37,676 --> 00:14:39,345
to what they would do best.
477
00:14:39,345 --> 00:14:40,412
Not I mean
478
00:14:40,913 --> 00:14:42,948
I think there's a I think we could tap
479
00:14:42,948 --> 00:14:45,451
that pool a little more than we do.
480
00:14:46,585 --> 00:14:46,986
I think
481
00:14:46,986 --> 00:14:47,319
a lot of
482
00:14:47,319 --> 00:14:48,220
people are even asking
483
00:14:48,220 --> 00:14:50,322
for drug tests anymore.
484
00:14:51,223 --> 00:14:52,424
You know what?
485
00:14:52,424 --> 00:14:54,727
That's that in itself is pretty shocking.
486
00:14:54,727 --> 00:14:55,561
All right.
487
00:14:55,828 --> 00:14:59,265
Number four.
488
00:14:59,265 --> 00:15:00,432
This whole
489
00:15:00,432 --> 00:15:02,067
this whole road you're going down
490
00:15:02,067 --> 00:15:03,435
is pretty shocking.
491
00:15:03,435 --> 00:15:06,305
I hope this one makes the airwaves well.
492
00:15:06,305 --> 00:15:07,273
And this is the number four.
493
00:15:07,273 --> 00:15:08,974
And this is interesting, too, I thought.
494
00:15:08,974 --> 00:15:10,442
But it doesn't surprise me.
495
00:15:10,442 --> 00:15:13,178
But I didn't think the magnitude
496
00:15:13,178 --> 00:15:15,180
would take this many workers away.
497
00:15:15,180 --> 00:15:17,716
Alternative to traditional work,
498
00:15:17,716 --> 00:15:18,918
according to this article.
499
00:15:18,918 --> 00:15:20,152
Lastly, with the rise
500
00:15:20,152 --> 00:15:21,921
of TikTok and older platforms
501
00:15:21,921 --> 00:15:23,622
such as Instagram and YouTube,
502
00:15:23,622 --> 00:15:25,157
there has been a segment of the workforce
503
00:15:25,157 --> 00:15:26,492
that is making money online.
504
00:15:27,960 --> 00:15:28,894
I think.
505
00:15:29,361 --> 00:15:31,363
I think there's a lot of pipe dream here.
506
00:15:31,363 --> 00:15:32,564
You know what I mean?
507
00:15:32,965 --> 00:15:33,565
I really do.
508
00:15:33,565 --> 00:15:34,800
I think there's this inspires
509
00:15:34,800 --> 00:15:36,869
a lot of creativity and stuff like that.
510
00:15:36,869 --> 00:15:37,536
But one out of
511
00:15:37,536 --> 00:15:38,904
how many are you going to make it in this
512
00:15:38,904 --> 00:15:40,172
in this group,
513
00:15:40,372 --> 00:15:41,573
based on the available data,
514
00:15:41,573 --> 00:15:43,142
there appears to be a small portion
515
00:15:43,142 --> 00:15:44,009
thank you
516
00:15:44,009 --> 00:15:45,277
of the potential workforce
517
00:15:45,277 --> 00:15:46,178
that may have dropped out
518
00:15:46,178 --> 00:15:47,746
to try to earn income on various
519
00:15:47,746 --> 00:15:49,848
social media sites.
520
00:15:50,015 --> 00:15:51,116
I can't imagine
521
00:15:51,116 --> 00:15:53,052
being let's say you're a father, right?
522
00:15:53,052 --> 00:15:55,054
You work your way up into business.
523
00:15:55,054 --> 00:15:55,521
Yeah, I don't know.
524
00:15:55,521 --> 00:15:57,723
Maybe a director of sales or something
525
00:15:57,723 --> 00:15:58,490
and I don't know, some kind
526
00:15:58,490 --> 00:16:00,826
of very extremely prestigious position.
527
00:16:01,593 --> 00:16:01,994
And you,
528
00:16:01,994 --> 00:16:03,062
a kid, it's
529
00:16:03,062 --> 00:16:05,297
been like languishing in the basement
530
00:16:05,297 --> 00:16:06,832
till he's like 28 years old
531
00:16:08,767 --> 00:16:09,401
playing video
532
00:16:09,401 --> 00:16:10,436
games
533
00:16:10,636 --> 00:16:12,471
and all of a sudden he's a TikTok star.
534
00:16:12,471 --> 00:16:15,007
He's making more money than you.
535
00:16:15,374 --> 00:16:17,509
Can you imagine how how
536
00:16:18,744 --> 00:16:20,846
angry you would be as a as a dad
537
00:16:20,846 --> 00:16:23,015
who worked 30 years to where you were
538
00:16:23,382 --> 00:16:24,083
and this kid?
539
00:16:24,083 --> 00:16:27,086
Only thing I wonder about these
540
00:16:27,086 --> 00:16:28,954
these influencers right now,
541
00:16:28,954 --> 00:16:30,556
you call them influencers.
542
00:16:30,556 --> 00:16:32,424
Tik Tok influencers.
543
00:16:32,424 --> 00:16:33,625
One, I don't figure out how
544
00:16:33,625 --> 00:16:34,526
they get paid,
545
00:16:34,526 --> 00:16:36,395
but yeah, I know
546
00:16:36,395 --> 00:16:37,930
people are making money off of it.
547
00:16:37,930 --> 00:16:38,597
Yeah,
548
00:16:38,597 --> 00:16:40,532
but what's the sustainability of that?
549
00:16:40,532 --> 00:16:42,701
You know how many years? Yeah.
550
00:16:43,102 --> 00:16:44,903
Like let's say let's say you're,
551
00:16:44,903 --> 00:16:47,106
you know, let's say
552
00:16:47,106 --> 00:16:48,507
you're Kim Kardashian.
553
00:16:48,507 --> 00:16:50,876
Kim Kardashian
554
00:16:50,876 --> 00:16:52,711
in a little older now, you know,
555
00:16:52,711 --> 00:16:53,679
are still
556
00:16:53,712 --> 00:16:54,346
people still going
557
00:16:54,346 --> 00:16:57,483
to be following her for or whatever?
558
00:16:58,317 --> 00:16:59,852
You know, they don't
559
00:16:59,852 --> 00:17:00,819
they don't need to know.
560
00:17:00,819 --> 00:17:02,521
h.R listen to this. I don't want to get
561
00:17:03,555 --> 00:17:06,091
going crazy down that rabbit hole, but.
562
00:17:06,091 --> 00:17:07,192
You're really a friend of H.R.
563
00:17:07,192 --> 00:17:11,397
these days, aren't you?
564
00:17:11,397 --> 00:17:12,297
That's a whole.
565
00:17:12,297 --> 00:17:13,098
That's a funny thing.
566
00:17:13,098 --> 00:17:14,967
Would you want to explain that?
567
00:17:14,967 --> 00:17:16,535
Yeah.
568
00:17:16,535 --> 00:17:18,637
No, not at all. No.
569
00:17:18,971 --> 00:17:20,639
The Kardashians got so much money now
570
00:17:20,639 --> 00:17:21,140
they don't care.
571
00:17:21,140 --> 00:17:21,807
They get enough money
572
00:17:21,807 --> 00:17:23,842
for five generations of Kardashians.
573
00:17:23,842 --> 00:17:24,810
Well, all right.
574
00:17:24,810 --> 00:17:26,545
I guess that was a bad example.
575
00:17:26,545 --> 00:17:28,247
But let's say a tik tok
576
00:17:28,247 --> 00:17:30,783
or whatever influencer,
577
00:17:30,783 --> 00:17:32,718
you know, how long can you do that
578
00:17:32,718 --> 00:17:34,286
exact money at it?
579
00:17:34,286 --> 00:17:34,787
Okay.
580
00:17:34,787 --> 00:17:36,355
So to your earlier point,
581
00:17:36,355 --> 00:17:38,157
according to the Small Business blog,
582
00:17:38,157 --> 00:17:40,626
there are 20000 to 40000 influencers
583
00:17:40,626 --> 00:17:41,593
on Instagram
584
00:17:41,593 --> 00:17:42,594
with more than 1 million
585
00:17:42,594 --> 00:17:45,264
followers and 300000 to 200 excuse me.
586
00:17:45,497 --> 00:17:46,065
And 300000
587
00:17:46,065 --> 00:17:47,366
to 2 million
588
00:17:47,366 --> 00:17:49,401
that have more than 100,000 followers.
589
00:17:49,868 --> 00:17:50,669
It is unclear
590
00:17:50,669 --> 00:17:51,870
how many of these influencers
591
00:17:51,870 --> 00:17:53,072
are based in the United States
592
00:17:53,072 --> 00:17:53,772
and how many of them would
593
00:17:53,772 --> 00:17:55,307
solely rely on social media channels
594
00:17:55,307 --> 00:17:56,408
for their income
595
00:17:56,408 --> 00:17:58,544
because they're also doing
596
00:17:58,777 --> 00:18:00,279
like Uber driving
597
00:18:00,279 --> 00:18:02,681
and delivering Uber eats and whatever,
598
00:18:02,915 --> 00:18:03,649
that type of stuff.
599
00:18:03,649 --> 00:18:05,150
So these are jobs that
600
00:18:05,150 --> 00:18:06,452
typically wouldn't be, you know,
601
00:18:06,452 --> 00:18:06,718
I mean,
602
00:18:06,718 --> 00:18:07,019
they weren't
603
00:18:07,019 --> 00:18:08,520
moneymaking jobs in the past,
604
00:18:08,520 --> 00:18:11,356
so they're all taking money away
605
00:18:11,356 --> 00:18:11,824
together.
606
00:18:11,824 --> 00:18:12,791
All these factors
607
00:18:12,791 --> 00:18:13,759
contribute to the problems
608
00:18:13,759 --> 00:18:15,527
with the United States labor force.
609
00:18:15,527 --> 00:18:16,695
A big part of this
610
00:18:16,695 --> 00:18:18,664
aging of one of the largest
611
00:18:18,664 --> 00:18:19,231
a big part of
612
00:18:19,231 --> 00:18:20,799
this is the aging of one of the largest
613
00:18:20,799 --> 00:18:22,167
segments, the baby boomers.
614
00:18:22,167 --> 00:18:23,001
Boomers,
615
00:18:23,102 --> 00:18:24,069
as more baby boomers
616
00:18:24,069 --> 00:18:25,170
retire, further pressure
617
00:18:25,170 --> 00:18:26,438
will be put on the younger segments
618
00:18:26,438 --> 00:18:28,373
to increase workforce participation
619
00:18:28,373 --> 00:18:35,314
and economic output.
620
00:18:35,314 --> 00:18:35,881
In addition
621
00:18:35,881 --> 00:18:36,715
to the general strain
622
00:18:36,715 --> 00:18:37,716
on the workforce in economy,
623
00:18:37,716 --> 00:18:39,685
the labor shortage is strongly affecting
624
00:18:39,685 --> 00:18:40,686
the construction industry,
625
00:18:40,686 --> 00:18:41,887
with an estimated shortages,
626
00:18:41,887 --> 00:18:43,689
over 500,000 workers
627
00:18:43,689 --> 00:18:45,757
resolving the United States labor supply
628
00:18:45,891 --> 00:18:47,426
issue is of the utmost importance
629
00:18:47,426 --> 00:18:48,794
to help keep
630
00:18:48,794 --> 00:18:49,595
building costs down
631
00:18:49,595 --> 00:18:50,662
and produce homes quickly
632
00:18:50,662 --> 00:18:51,363
an age
633
00:18:51,363 --> 00:18:52,564
group to age
634
00:18:52,564 --> 00:18:53,699
at a quick enough pace
635
00:18:53,699 --> 00:18:56,735
to keep up with demand.
636
00:18:56,735 --> 00:18:59,004
Well, it's something that every
637
00:18:59,571 --> 00:19:00,272
it gets
638
00:19:00,272 --> 00:19:02,908
brought up at every single school.
639
00:19:03,041 --> 00:19:05,310
Every single school.
640
00:19:05,310 --> 00:19:07,112
You know, we're doing some discussions
641
00:19:07,112 --> 00:19:08,113
and, you know, talking
642
00:19:08,113 --> 00:19:09,715
during lunch and everything.
643
00:19:09,715 --> 00:19:12,851
Every single guy says the same thing.
644
00:19:12,851 --> 00:19:14,920
Anybody who's looking for guys,
645
00:19:14,920 --> 00:19:16,255
they can't find it.
646
00:19:16,255 --> 00:19:18,023
Matter of fact, at this school up here,
647
00:19:19,458 --> 00:19:20,826
new kid
648
00:19:21,393 --> 00:19:22,895
is new to the business.
649
00:19:22,895 --> 00:19:24,496
He's probably his early twenties,
650
00:19:24,496 --> 00:19:24,963
I think.
651
00:19:24,963 --> 00:19:27,099
Really good kid and
652
00:19:28,433 --> 00:19:29,334
desperate
653
00:19:29,701 --> 00:19:32,037
people are shocked that he had never run
654
00:19:32,037 --> 00:19:32,871
a big machine.
655
00:19:32,871 --> 00:19:33,805
Never did this.
656
00:19:33,805 --> 00:19:34,306
Never.
657
00:19:34,406 --> 00:19:35,574
You had in Portland a T-bar
658
00:19:35,574 --> 00:19:37,009
and everything today.
659
00:19:37,009 --> 00:19:39,511
And three guys
660
00:19:40,512 --> 00:19:42,314
three guys are saying,
661
00:19:42,514 --> 00:19:43,815
are you going to go out on your own
662
00:19:43,815 --> 00:19:46,285
or are you looking for a job?
663
00:19:46,585 --> 00:19:48,654
Three guys that school
664
00:19:49,321 --> 00:19:50,889
are looking to hire this kid.
665
00:19:50,889 --> 00:19:51,623
Yeah,
666
00:19:51,990 --> 00:19:54,326
I mean, they're looking to hire that.
667
00:19:54,393 --> 00:19:55,527
I mean, they saw this kid
668
00:19:55,527 --> 00:19:57,496
and they're like, oh, my God, this is.
669
00:19:57,496 --> 00:19:59,731
This is exactly what I need, you know?
670
00:19:59,731 --> 00:20:00,666
Wow. Yeah.
671
00:20:00,666 --> 00:20:02,000
Somebody who's coachable.
672
00:20:02,000 --> 00:20:03,569
Good kid.
673
00:20:03,902 --> 00:20:06,271
Imagine how angry the
674
00:20:06,872 --> 00:20:08,006
the boomers are going to be in
675
00:20:08,006 --> 00:20:09,241
another ten years
676
00:20:09,241 --> 00:20:11,109
when the kids are laying around
677
00:20:11,109 --> 00:20:12,344
not doing anything and they're going,
678
00:20:12,344 --> 00:20:13,111
hey, man, you need
679
00:20:13,111 --> 00:20:14,780
you know, you get at work
680
00:20:14,780 --> 00:20:16,548
and I see the boomers going,
681
00:20:16,548 --> 00:20:20,152
hey, man, I'm just
682
00:20:20,752 --> 00:20:22,387
playing video games, man. Relax
683
00:20:25,224 --> 00:20:26,792
that you in ten years,
684
00:20:26,792 --> 00:20:28,093
how you're going to talk?
685
00:20:28,093 --> 00:20:29,428
Well, who knows?
686
00:20:29,428 --> 00:20:30,729
Who knows?
687
00:20:31,063 --> 00:20:34,233
I take one day at a time.
688
00:20:34,233 --> 00:20:36,835
It's like opportunity to me.
689
00:20:36,835 --> 00:20:38,270
That's what I always say.
690
00:20:38,270 --> 00:20:40,239
Man is like opportunity
691
00:20:40,239 --> 00:20:41,440
with all these kids
692
00:20:41,440 --> 00:20:43,375
who aren't getting into the trades
693
00:20:43,375 --> 00:20:44,576
and everything.
694
00:20:44,576 --> 00:20:48,413
Wow, the time couldn't be better
695
00:20:49,114 --> 00:20:51,683
because, you know, by the time you and I
696
00:20:51,683 --> 00:20:54,786
and guys our age are out of the game,
697
00:20:54,786 --> 00:20:55,287
think about it.
698
00:20:55,287 --> 00:20:58,023
It's going to be a half the guys.
699
00:20:59,057 --> 00:21:00,659
There's never been a better time
700
00:21:00,659 --> 00:21:02,561
to crush it in this trade.
701
00:21:02,561 --> 00:21:04,096
Never been a better time. Yes.
702
00:21:04,096 --> 00:21:06,198
Get as much education on price.
703
00:21:06,365 --> 00:21:07,566
Get as much education
704
00:21:07,566 --> 00:21:08,700
as you can right now.
705
00:21:08,700 --> 00:21:09,668
Learn the trade up
706
00:21:09,668 --> 00:21:11,203
as much as you can, network
707
00:21:11,203 --> 00:21:12,204
as much as you can.
708
00:21:12,204 --> 00:21:14,239
And and man, you can light it up.
709
00:21:14,573 --> 00:21:16,074
I'm going to tell you about a young guy
710
00:21:16,074 --> 00:21:18,076
I met last week.
711
00:21:18,076 --> 00:21:18,410
Yeah,
712
00:21:18,477 --> 00:21:20,379
I hope I pronounce his name properly.
713
00:21:20,379 --> 00:21:25,517
Rafael Correa, FDR Air,
714
00:21:26,051 --> 00:21:28,820
a high end flooring services
715
00:21:29,755 --> 00:21:32,024
with Carolina four pro flooring
716
00:21:33,025 --> 00:21:33,892
man.
717
00:21:33,892 --> 00:21:35,427
You know, these guys also,
718
00:21:35,427 --> 00:21:36,228
you know, it's interesting,
719
00:21:36,228 --> 00:21:37,329
the guys you meet in this trade.
720
00:21:37,329 --> 00:21:37,963
You know again
721
00:21:37,963 --> 00:21:38,930
he was a Carolina pro
722
00:21:38,930 --> 00:21:39,965
flooring is interesting
723
00:21:39,965 --> 00:21:41,300
the guys you meet in this trade
724
00:21:41,300 --> 00:21:42,801
so a young guy
725
00:21:42,801 --> 00:21:44,403
hard for me to tell people's ages anymore
726
00:21:44,403 --> 00:21:46,872
you know but he's super good shape
727
00:21:46,872 --> 00:21:48,340
and we got to talking at lunchtime.
728
00:21:48,340 --> 00:21:49,975
You know, he was installing a floor.
729
00:21:49,975 --> 00:21:52,511
This is a professional downhill
730
00:21:52,511 --> 00:21:54,112
bicycle racer.
731
00:21:54,112 --> 00:21:54,980
You see those guys?
732
00:21:54,980 --> 00:21:56,848
Those guys are crazy, man.
733
00:21:56,848 --> 00:21:58,050
Jumping off all those cliffs
734
00:21:58,050 --> 00:21:59,318
and over those hills on me.
735
00:21:59,318 --> 00:22:01,219
On the on the bikes,
736
00:22:01,219 --> 00:22:02,854
guys is super good shape, man.
737
00:22:02,854 --> 00:22:04,389
So they're out there, man.
738
00:22:04,389 --> 00:22:05,390
There's some studs out there
739
00:22:05,390 --> 00:22:07,826
and there's opportunity everywhere
740
00:22:07,826 --> 00:22:09,094
more than ever before.
741
00:22:09,094 --> 00:22:12,464
So I think it's, you know, stay away from
742
00:22:12,964 --> 00:22:13,365
some of the,
743
00:22:13,365 --> 00:22:15,000
you know, the things that
744
00:22:15,000 --> 00:22:16,468
that can take you out of the game.
745
00:22:16,468 --> 00:22:18,704
And and there's a great opportunity.
746
00:22:19,204 --> 00:22:19,938
The last class
747
00:22:19,938 --> 00:22:21,640
I had in Monroe, he he came
748
00:22:21,640 --> 00:22:22,307
to that class.
749
00:22:23,542 --> 00:22:24,443
Oh, no kidding.
750
00:22:24,443 --> 00:22:25,177
Yeah. Yeah.
751
00:22:25,177 --> 00:22:26,712
So, I mean. That is a great guy.
752
00:22:26,712 --> 00:22:28,880
Yeah, great nursing. Yep.
753
00:22:29,214 --> 00:22:30,115
And all over
754
00:22:30,115 --> 00:22:31,350
social media,
755
00:22:31,350 --> 00:22:34,086
all, you know, he's doing it right.
756
00:22:34,086 --> 00:22:34,953
He's doing it right.
757
00:22:34,953 --> 00:22:36,722
And he's one of those guys.
758
00:22:36,722 --> 00:22:37,622
I mean, that man,
759
00:22:37,622 --> 00:22:39,624
that younger generation,
760
00:22:39,624 --> 00:22:40,859
once you know,
761
00:22:40,859 --> 00:22:43,261
once we start clocking out.
762
00:22:43,261 --> 00:22:45,430
Yeah, a lot of guys are in the business.
763
00:22:45,430 --> 00:22:48,033
We all, you know, we know tons of them.
764
00:22:48,033 --> 00:22:49,334
Once they start clocking out,
765
00:22:49,334 --> 00:22:51,436
there's going to be a hell of a
766
00:22:51,436 --> 00:22:53,105
there's going to be a hell of a shortage.
767
00:22:53,105 --> 00:22:53,638
Yeah.
768
00:22:53,638 --> 00:22:54,005
Not only
769
00:22:54,005 --> 00:22:55,340
is there a worker shortage now,
770
00:22:55,340 --> 00:22:57,342
but there's it's going to get worse.
771
00:22:57,809 --> 00:22:58,944
Oh, yeah.
772
00:22:59,010 --> 00:23:01,146
So but I still
773
00:23:01,380 --> 00:23:04,116
I'm shocked that that one number, 55
774
00:23:04,950 --> 00:23:08,053
and younger,
775
00:23:08,053 --> 00:23:10,655
only 38% of those people are working.
776
00:23:12,057 --> 00:23:12,758
Yeah.
777
00:23:12,958 --> 00:23:14,192
That's wild.
778
00:23:14,192 --> 00:23:15,627
Well, construction industry, too
779
00:23:15,627 --> 00:23:16,862
does, you know, that's,
780
00:23:16,862 --> 00:23:18,463
you know, it's it's like,
781
00:23:18,463 --> 00:23:20,499
say we need a man in person in any,
782
00:23:20,532 --> 00:23:21,867
any industry right now.
783
00:23:21,867 --> 00:23:23,969
I know that you have said this before.
784
00:23:23,969 --> 00:23:24,903
I can't think of it.
785
00:23:24,903 --> 00:23:26,405
I wish I could remember
786
00:23:26,405 --> 00:23:29,374
what the average age of a floor guy is.
787
00:23:29,374 --> 00:23:30,842
I've heard 56
788
00:23:30,842 --> 00:23:32,644
years old was the average age
789
00:23:32,644 --> 00:23:34,112
and I've heard 52.
790
00:23:34,112 --> 00:23:36,081
So regardless, somewhere in there,
791
00:23:36,081 --> 00:23:40,051
we know that it's up there.
792
00:23:40,051 --> 00:23:41,253
That just sounds crazy
793
00:23:41,253 --> 00:23:42,854
to say that out loud, doesn't it?
794
00:23:42,854 --> 00:23:45,157
Yeah, that's old. Yeah.
795
00:23:45,590 --> 00:23:46,792
The average age
796
00:23:46,792 --> 00:23:49,561
that's pretty freaking old.
797
00:23:49,561 --> 00:23:51,630
Well, depends on how you look at it now.
798
00:23:51,963 --> 00:23:54,433
Now looks pretty young to me.
799
00:23:55,300 --> 00:23:58,069
When I was looking at this guy work and
800
00:23:59,838 --> 00:24:01,640
the downhill racing and stuff
801
00:24:01,640 --> 00:24:02,507
that he used to do.
802
00:24:02,507 --> 00:24:03,542
And I was thinking that, you know,
803
00:24:03,542 --> 00:24:04,509
when you're a kid, you know,
804
00:24:04,509 --> 00:24:05,444
like I used to watch
805
00:24:05,444 --> 00:24:07,679
a lot of cowboy movies when I was a kid.
806
00:24:07,679 --> 00:24:08,847
And to prove yourself
807
00:24:08,847 --> 00:24:11,082
as a as a man, like, you know, like,
808
00:24:11,082 --> 00:24:12,584
you know, like
809
00:24:12,751 --> 00:24:13,952
in the by the cowboy movies.
810
00:24:13,952 --> 00:24:15,120
Like the Indians would go
811
00:24:15,120 --> 00:24:16,421
and they would like have to bring back
812
00:24:16,421 --> 00:24:17,722
a feather from an eagle.
813
00:24:17,722 --> 00:24:18,924
You know what I mean?
814
00:24:18,924 --> 00:24:20,325
To to, like, you know,
815
00:24:20,325 --> 00:24:22,427
prove their manhood, like, whatever or
816
00:24:22,427 --> 00:24:24,095
or they they would have to,
817
00:24:25,063 --> 00:24:25,831
like, climb up
818
00:24:25,831 --> 00:24:26,398
the highest
819
00:24:26,398 --> 00:24:28,300
peak in the mountain by themselves,
820
00:24:28,300 --> 00:24:29,568
or they'd have to camp out in the woods
821
00:24:29,568 --> 00:24:30,702
for a week and come back.
822
00:24:30,702 --> 00:24:31,770
And that that is,
823
00:24:31,770 --> 00:24:34,473
you know, the transition into manhood.
824
00:24:35,173 --> 00:24:36,241
We live we
825
00:24:36,241 --> 00:24:38,143
you could see the Pikes Peak Mountain
826
00:24:38,143 --> 00:24:39,444
right from our house in Colorado,
827
00:24:39,444 --> 00:24:40,745
and we live there.
828
00:24:40,912 --> 00:24:42,013
And this influence,
829
00:24:42,013 --> 00:24:43,515
I used to think, well, what can I do?
830
00:24:43,515 --> 00:24:44,349
You know what I mean?
831
00:24:44,349 --> 00:24:44,583
You know,
832
00:24:44,583 --> 00:24:45,083
we also have
833
00:24:45,083 --> 00:24:48,353
about a quarter mile from a 7-Eleven.
834
00:24:48,353 --> 00:24:49,788
So I used to
835
00:24:49,788 --> 00:24:51,223
look at that mountain thing and wonder,
836
00:24:51,223 --> 00:24:52,123
you know, as a kid, you know,
837
00:24:52,123 --> 00:24:53,425
I mean, like, how far would it be there
838
00:24:53,425 --> 00:24:54,092
if you walked there?
839
00:24:54,092 --> 00:24:55,393
And could I really stay over there
840
00:24:55,393 --> 00:24:56,361
overnight or whatever?
841
00:24:56,361 --> 00:24:58,597
And then I decided that I could
842
00:24:58,697 --> 00:25:00,565
or I could just stay away from some.
843
00:25:00,565 --> 00:25:02,267
I used to go to 7-Eleven, get a hostess.
844
00:25:03,301 --> 00:25:04,503
Those berries I was going to
845
00:25:04,503 --> 00:25:05,871
say, instead of climbing the mountain,
846
00:25:05,871 --> 00:25:06,471
you probably went
847
00:25:06,471 --> 00:25:08,340
and spoke from 7-Eleven.
848
00:25:08,340 --> 00:25:09,808
No, but I stayed away from them
849
00:25:09,808 --> 00:25:10,475
for a week.
850
00:25:10,475 --> 00:25:12,978
That was my you know,
851
00:25:12,978 --> 00:25:15,680
the transition into manhood
852
00:25:15,780 --> 00:25:16,414
gets that.
853
00:25:16,414 --> 00:25:19,618
We get my blueberry pies every week.
854
00:25:19,751 --> 00:25:20,485
No hostess.
855
00:25:20,485 --> 00:25:23,121
Very pies for a week. Yeah, that's it.
856
00:25:23,421 --> 00:25:25,023
I couldn't do it, man.
857
00:25:25,023 --> 00:25:27,058
Yeah. Tough it. Out. The time has come.
858
00:25:27,659 --> 00:25:28,860
Rob, you want to talk about.
859
00:25:28,860 --> 00:25:30,795
I give you a bell for.
860
00:25:30,962 --> 00:25:32,731
A bell or.
861
00:25:32,731 --> 00:25:33,765
A bell.
862
00:25:33,765 --> 00:25:38,703
And, you know, now we rang the bell.
863
00:25:38,703 --> 00:25:41,172
We received an email from a listener.
864
00:25:42,407 --> 00:25:43,808
I can't believe it.
865
00:25:43,808 --> 00:25:45,777
He didn't care for the bell.
866
00:25:45,777 --> 00:25:46,378
Yeah,
867
00:25:46,545 --> 00:25:48,213
he said the bell was too loud
868
00:25:48,213 --> 00:25:50,682
in his ear plugs or earmuffs or whatever.
869
00:25:50,682 --> 00:25:51,883
He's wearing that.
870
00:25:51,883 --> 00:25:53,084
It's the bell.
871
00:25:53,251 --> 00:25:53,652
Yeah.
872
00:25:53,652 --> 00:25:55,921
So he wants us to get rid of the bell.
873
00:25:55,921 --> 00:25:57,088
Yeah. And
874
00:25:58,323 --> 00:25:59,524
okay, you know
875
00:25:59,524 --> 00:26:00,392
us for
876
00:26:00,392 --> 00:26:01,826
if you want to get rid of the bell,
877
00:26:01,826 --> 00:26:02,594
we have to have
878
00:26:02,594 --> 00:26:04,563
some sort of sound effect.
879
00:26:04,563 --> 00:26:05,196
Yeah.
880
00:26:06,831 --> 00:26:10,802
About this one.
881
00:26:10,802 --> 00:26:15,040
Or perhaps this one.
882
00:26:15,040 --> 00:26:17,108
I don't know, maybe this one.
883
00:26:18,977 --> 00:26:21,246
So we'll have to decide.
884
00:26:21,546 --> 00:26:23,181
It's one of the ill with.
885
00:26:23,181 --> 00:26:23,915
Okay, Rob,
886
00:26:23,915 --> 00:26:25,216
I just thought it would be interesting
887
00:26:25,216 --> 00:26:27,752
to talk about the labor statistics.
888
00:26:27,752 --> 00:26:28,653
And again,
889
00:26:28,653 --> 00:26:29,955
I think it's a
890
00:26:29,955 --> 00:26:32,324
you know, it's on one hand,
891
00:26:32,324 --> 00:26:33,425
if you're an established business,
892
00:26:33,425 --> 00:26:34,826
you need employees.
893
00:26:34,826 --> 00:26:35,527
You know,
894
00:26:35,527 --> 00:26:36,928
not such great news
895
00:26:36,928 --> 00:26:38,363
necessarily, because, yes,
896
00:26:38,363 --> 00:26:40,298
we still face the same labor challenges
897
00:26:40,298 --> 00:26:41,800
we've we've had.
898
00:26:41,800 --> 00:26:42,500
But on the other hand,
899
00:26:42,500 --> 00:26:43,768
if you're a young person coming up
900
00:26:43,768 --> 00:26:47,038
or you have young kids, nephews, nieces,
901
00:26:47,906 --> 00:26:50,008
your family members that are looking
902
00:26:50,008 --> 00:26:51,276
to get into a great trade
903
00:26:52,277 --> 00:26:54,512
man, the sky's the limit.
904
00:26:54,512 --> 00:26:55,814
It really is.
905
00:26:55,814 --> 00:26:57,048
Can you imagine when we started
906
00:26:57,048 --> 00:26:58,717
we didn't have. In the floor people.
907
00:26:58,717 --> 00:26:59,217
Yeah,
908
00:26:59,217 --> 00:27:00,819
we didn't have training like this
909
00:27:00,819 --> 00:27:01,586
when we started.
910
00:27:01,586 --> 00:27:02,854
We didn't have
911
00:27:02,854 --> 00:27:04,522
all the opportunities for training
912
00:27:04,522 --> 00:27:05,657
and everything now.
913
00:27:05,657 --> 00:27:07,792
So it's a great opportunity for you,
914
00:27:07,792 --> 00:27:08,727
for young people today
915
00:27:08,727 --> 00:27:10,462
to learn a great trade.
916
00:27:10,462 --> 00:27:13,832
Okay, Rob, I appreciate your
917
00:27:14,032 --> 00:27:15,700
your limited input.
918
00:27:15,700 --> 00:27:16,668
And
919
00:27:17,202 --> 00:27:18,703
this has been another episode
920
00:27:18,703 --> 00:27:20,372
of On the Floor with Wayne and Rob.
921
00:27:20,372 --> 00:27:22,807
Please stay tuned for another episode
922
00:27:22,807 --> 00:27:34,019
of.