The economy has broken free from the New Guinea virus and the quarantine, and the current boom is hot. The unemployment rate is still higher than before the outbreak, but companies are finding it impossible to find employees when they want to recruit them. The reason.
The Wall Street Journal (WSJ) reports that the rate of vaccination against the new strain of the disease has increased, quarantine restrictions have been relaxed, and the federal government has launched a huge economic revitalization program to boost consumers’ willingness to buy goods and services. The survey points out the following reasons.
The survey pointed out the following reasons: millions of adults are afraid of contracting the new pneumonia; businesses are back to work faster than schools are reopening, and some parents can’t find someone to take care of their children; in addition, many people receive unemployment benefits that are higher than the wages they can find.
The U.S. Chamber of Commerce (The U.S. Chamber of Commerce) 7 that calls on the government to immediately stop the unemployed to issue an additional $ 300 a week unemployment benefits, because the government to increase the number of subsidies for some recipients to find a job motivation weakened, rather than continue to sit on the unemployment benefits.
The Chamber of Commerce said on the 7th that the increase in subsidies for unemployment benefits is an effort by the Biden administration to support the economic plight of the epidemic, but about a quarter of the recipients received unemployment benefits, more than they earned at work.
Others are dropping out of the workforce because they don’t have the skills to fill the current job openings, and others are unwilling to take on new jobs.
Some companies are planning to stop operating, such as by not bidding on contracts or slowing delivery of parts, and some restaurants are remaining closed; all of this will slow the pace of economic expansion.
Other companies are starting to raise wages to attract job seekers, which could lead to higher consumer prices or reduce the profit margin for owners.
Workers can expect to benefit from a temporary shortage of manpower, such as asking for promotions and raises, and then spending the money on their own communities to boost economic output, as well as negotiating with employers for more flexible working hours and changing jobs.
Scholars say that with more people wanting to work getting vaccinated for the new crown, schools fully reopening, and federal benefits being suspended at the end of the year, the current labor shortage is expected to be relieved, but the whole process will take months, and the impact of the epidemic can still be felt.
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