This Is Why the Nation Is Facing a School Bus Driver Shortage
Odd Lots
Bloomberg
4.4 • 1.6K Ratings
🗓️ 9 December 2021
⏱️ 54 minutes
🧾️ Download transcript
Summary
There have been a lot of stories about the challenges of keeping schools open over the last two years, much to the consternation of many parents. But, for many students, going to school involves first getting on a school bus. And that industry is facing its own stress. As with many other industries, school bus operators around the country are saying we're in a drivers shortage. On this Odd Lots, we speak with Corey Muirhead, Executive Vice President of the Logan Bus Company — the largest school bus contractor in the NYC area — to explain how the business works, and the challenges it faces in this environment.
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| 0:54.3 | Hello and welcome to another episode of the AdLots podcast. I'm Joe Isenthal. |
| 1:00.0 | I'm Tracy Alloway. |
| 1:01.3 | So Tracy, obviously everyone knows about the so-called labor shortage this year. We've talked |
| 1:07.8 | about it many times on the show, but numerous employers up and down different industries have |
| 1:13.6 | all talked about the difficulty they've had in hiring or at least hiring at the same levels |
| 1:19.1 | and wage points as they had pre-pandemic. Yeah, truly it's been a year of shortages or I guess |
| 1:25.9 | maybe scarcity is a better way of putting it both in terms of the supply chain, which we've |
| 1:31.2 | spoken a lot about, but also in terms of labor market. So a lot of employers saying that they |
| 1:35.7 | can't find the right employees or if they find the right employees, then they don't turn up to |
| 1:42.1 | actually work or they're all quitting on mass to do something else. I have a lot of questions |
| 1:46.6 | about what the else is that other people are actually leaving to do, but that seems to be the |
| 1:52.4 | anecdotes that we keep hearing over and over from the labor market. Right, and it's important to |
| 1:57.8 | note anecdotes from the employer side, obviously the anecdotes from the labor side might look different. |
| 2:04.3 | One area that from what I understand is we'll get drilled down to specifics, but a public sector |
| 2:10.6 | employment has been tough and I think a lot of governments too, particularly areas where people |
| 2:15.2 | have pensions that they can retire to and so forth. For a long time, post-grade financial crisis, |
| 2:21.9 | the public sector cut a lot of jobs, but my understanding right now is it's the opposite, |
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