Ron Hetrick - Finding a Solution to Current Labor Shortages

Send us a text Ron Hetrick, Vice President of Staffing Strategy and Sr. Labor Economist at Lightcast, joins us in this episode to discuss the current labor shortage and its relation to shifting demographics in the workforce. He explores which industries are being hit hardest by labor shortages (and why), and he answers the question on many of our minds: can AI help solve this issue? [0:00] Introduction Welcome, Ron! Today’s Topic: Finding a Solution to Current Labor Shortages [7:24] An overview of the current labor shortage The economic impact of retiring Baby Boomers becoming consumers rather than producers How immigrant workers fill essential roles in sectors facing critical staffing challenges [25:40] Which industries are being hit the hardest with labor shortages? Using classification systems to identify the most vulnerable industries How automation and remote work are reshaping job markets [38:30] Is AI a potential solution to the labor shortage? Japan’s pioneering approach to AI workforce integration amid population decline Why successful B2B AI implementation must precede B2C applications [45:55] Closing Thanks for listening! Quick Quote: “Right now all the AI investment is going to B2B, . . . which are also in-office, professional jobs. So a problem we don’t have is getting solutions, while all the [labor shortage] problems we do have have no solutions.” Resources: The Rising Storm Contacts: Ron's LinkedInDavid's LinkedInDwight's LinkedInPodcast Manager: Karissa HarrisEmail us!Production by Affogato Media To schedule a meeting with us: https://salary.com/hrdlconsulting For more HR Data Labs®, enjoy the HR Data Labs Brown Bag Lunch Hours every Friday at 2:00PM-2:30PM EST. Check it out here: https://hrdatalabs.com/brown-bag-lunch/ Produced by Affogato Media