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Amid worker shortages, businesses face double whammy of rising costs and wage pressure

Amid worker shortages, businesses face double whammy of rising costs and wage pressure Martha C. White © Provided by NBC News Steering an economy as diverse as that of the United States back onto a path of sustainable growth was bound to mean hitting a few potholes along the way. Analysts say the political blame game over unemployment insurance and price pressures misidentifies the real culprits creating asymmetries in the economic recovery. In a labor market with a record-high number of job openings, businesses say they want to hire but can’t find workers. Labor Department data released Tuesday found that the number of open jobs hit a record 8.1 million in March on an increase of nearly 600,000 from the previous month. Jobs website Indeed.com found that listings for open positions as of May 7 were 23.4 percent higher than the baseline metric in February 2020, before the pandemic’s effects hit the U.S. economy.

Hiltzik: The real reason some employers can t find staff

Print In a rational world, employers desperate to fill jobs would do everything they could to make their workplaces seem attractive: They’d raise wages, offer bonuses and show themselves to be caring and respectful bosses. In our world, just the opposite is happening. Wages are stagnant, especially in low-paying sectors, and employers are demonstrating utter contempt for employees they’re trying to lure back to work. They’re casting blame for their difficulties elsewhere especially the purportedly lavish unemployment benefits provided by the federal government. We got thousands of applications that poured in. It was very overwhelming, very. Maya Johnson, describing what happened when she doubled the minimum wage at the Pittsburgh ice cream shop she manages

Column: Employers, governors push myth that unemployment checks keep lazy workers home

Column: Employers, governors push myth that unemployment checks keep lazy workers home Michael Hiltzik © (Meg Kinnard / Associated Press) South Carolina Gov. Henry McMaster just canceled unemployment benefits for workers in his state. (Meg Kinnard / Associated Press) In a rational world, employers desperate to fill jobs would do everything they could to make their workplaces seem attractive: They d raise wages, offer bonuses and show themselves to be caring and respectful bosses. In our world, just the opposite is happening. Wages are stagnant, especially in low-paying sectors, and employers are demonstrating utter contempt for employees they re trying to lure back to work.

As Small Businesses Recover From the Pandemic, They Face a New Obstacle: Finding Workers

The reasons vary: Potential workers may be unvaccinated and some working parents continue to face a lack of child care or in-person schooling for their children. Restaurant workers may be hesitant to return to the front line and risk getting Covid-19. Others may have moved out of the area or found a new way to make money. Then there is the extra $300 weekly unemployment insurance, which may also hold people back from taking a job, owners have said. Those explanations are among the ones Matt Glassman, co-owner of The Greyhound Bar & Grill in Los Angeles, heard from former employees who decided not to return when he reopened this week. His two locations have been closed since last June, after Glassman and co-owner Steven Williams contracted Covid and decided it wasn t worth the risk to reopen until vaccines were readily available.

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