Our supply chain isn’t doing what it should. We keep hearing, and reading, that there is a shortage of truck drivers. One estimate I saw was 60,000 more drivers needed.
There are trucks parked that should be moving containers of goods across the country. If those trucks had drivers, they could unclog the docks where the containers come ashore.
Microeconomics suggests how you get more truck drivers, it isn’t rocket science. You pay higher wages, provide better benefits, and arrange work schedules to make driving less punishing.
Is a shortage of people with the appropriate commercial driver license an issue? Offer to pay candidates to do driver school if they agree to work for you for X months after graduation and licensing.
Will it cost more? Yes, it will. Can you pass those costs along in an inflationary period? Certainly.
