Editor’s note: This story is part of the “Jobs Conundrum” special report from WRAL TechWire.
RALEIGH – Economists refer to the labor market, first and foremost, as a market. Employers, seeking workers, offer some form of compensation to recruit or retain employees to their firm. Participants of the workforce vet and select from available positions, for which they are qualified, for which an offer is made.
A functioning talent market matches employers needing skilled employees with workers who possess those skills, who are also willing to accept the stated compensation for conducting the work.
But that’s a bit simplistic, because there are other factors at play in labor markets, including public policy and prevailing cultural attitudes.
Editor’s note: This story is one a special report on North Carolina’s “job conondrum.” As hiring continues and economic recruiting brings more jobs to the state, where is the talent to meet the demand? And even more jobs are needed as the population grows.
RALEIGH – Will there be enough talent to fill new jobs coming to North Carolina? Or meet the requirements created by a growing population?
Those aren’t easy questions to answer.
North Carolina is experiencing population growth, so much so that it will receive a 14th U.S. Congressional seat. The state’s population increased by a net of nearly 900,000 people between 2010 and 2020, or roughly 90,000 per year, according to the latest data from the U.S. Census Bureau.