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IPFS News Link • Employee and Employer Relations

All Over America, An Unprecedented Shortage Of Workers Is Forcing Businesses To Shut Down

• by Michael Snyder

In fact, prior to this pandemic we had a chronic problem with unemployment that stretched back for decades.  Economists insisted that our economy would never be able to produce enough jobs for everyone, but they were wrong.  Today, there are more than 10 million open positions in this country and employers are literally begging for people to come to work.  Fierce competition for good workers has become extremely intense, and this is one of the factors that is causing millions of Americans to quit their current jobs each month.  On Tuesday, the Bureau of Labor Statistics released the numbers for the month of November…

A record 4.5 million Americans voluntarily left their jobs in November, according to the Bureau of Labor Statistics.

This pushed the quits rate to 3%, matching the high from September.

Workers were most likely to quit their jobs in the hospitality industry, which had by far the highest quits rate at 6.1% in November, as well as those in health care. The numbers in transportation, warehousing and utilities also increased.

Day after day, I am coming across stories about how our worker shortage is really hurting small businesses in this country.

Many small businesses operate on extremely thin margins, and so they just can't afford to dramatically raise wages all of a sudden.  In Nebraska, one restaurant that has been around for 46 years has been forced to close for good "because they simply can't find enough people to work"

This week, Wilkinson and his wife, Kathy, decided to close the restaurant after a nearly five-decade run because they simply can't find enough people to work.


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