Tag

Worker Shortages

All articles tagged with #worker shortages

business2 years ago•3 min saved

UK Labor Market Tightens with Record High Employment and Rising Wages

UK employment has reached a record high of 33.1 million, but worker shortages are still pushing up wages and exacerbating inflation. Average regular pay increased 7.2% during the February-April quarter, the fastest rise on record apart from pandemic-related distortions. The rise in pay partly reflects an increase in the national minimum wage, but economists say it will add to the Bank of England's concerns about inflation becoming ingrained in the economy. Despite the surplus of unfilled jobs, particularly in construction, retail, and agriculture, employers are holding back on recruitment due to economic uncertainty.

via CNN|

#bank-of-england #business #inflation

politics2 years ago•5 min saved

Lawmakers propose using kids to fill labor shortages in bars and other industries.

Lawmakers in several states, largely led by Republican lawmakers, are proposing legislation to allow children to work in more hazardous occupations, longer hours on school nights, and in expanded roles including serving alcohol in bars and restaurants as young as 14. Child welfare advocates worry the measures represent a coordinated push to scale back hard-won protections for minors. The efforts to significantly roll back labor rules are to address worker shortages and in some cases run afoul of federal regulations.

via Yahoo News|

#child-labor #labor-laws #politics

politics2 years ago•5 min saved

Florida's Viral Headlines: From Worker Walkouts to Anti-Immigration Laws.

Florida's new anti-immigrant law, signed by Governor Ron DeSantis, mandates that businesses with 25 or more employees verify the citizenship status of workers through the federal online portal E-Verify or face stronger penalties, among other new restrictions. The law, which goes into effect on July 1, is causing fear and frustration among the state's large immigrant communities, who stand to face the brunt of the new rules. Critics say the law will lead to worker shortages and a wide-ranging and intrusive crackdown on the state's large immigrant communities.

via Vox.com|

#e-verify #florida #immigration

business2 years ago•3 min saved

US Small Business Sentiment Plummets to Decade-Low Amid Labor Quality and Inflation Concerns

US small business confidence fell to a more than 10-year low in April due to concerns about the near-term economic outlook and persistent worker shortages, according to the National Federation of Independent Business. However, there were few signs that businesses were having difficulties accessing credit. The share of owners expecting better business conditions over the next six months fell two points to a net negative 49%. A net negative 19% expected higher inflation-adjusted sales, down four points from March.

via Reuters|

#business #credit-access #inflation