Worker shortages at businesses could impact prices for customers, economist says
Published: May 12, 2021 5:39 PM EDT
Updated: May 12, 2021 6:02 PM EDT
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Stores in Southwest Florida are feeling the impact of staffing shortages. Some are having to close early every day, and others are offering hundreds of dollars to hire new employees.
Economist Tom Smythe, a professor at FGCU, told us those worker shortages will eventually impact the wallets of customers.
“The more people that get hired at higher prices, eventually, that will likely push through to the consumer in the form of higher prices,” Smythe said.
Palm Island Resort in Charlotte County is a social distancing paradise. It can only be reached by boat, and no cars are allowed.