The United States economy may be entering a new stage of near employment, where more jobs are opening and positions need filling than there are available workers to take on new roles and responsibilities.
According to a new report from CNBC, the US may face a labor shortage crisis in the coming months as more and more full-time positions become available, saying its becoming increasing difficult to find “qualified workers at the current pace of job growth.”
“Business’ number one problem is finding qualified workers. At the current pace of job growth, if sustained, this problem is set to get much worse,” said Mark Zandi, chief economist at Moody’s Analytics. “These labor shortages will only intensify across all industries and company sizes.”
Private sector payrolls increased by 177,000 in June, yet could have gone even higher had more workers been available.
Read the full report at CNBC.
ARMAGEDDON CONTINUES: Chipotle Announces BIG BONUSES, MORE BENEFITS after GOP Tax Cuts
Nancy Pelosi and Chuck Schumer’s dire predictions of “doom and gloom” continued to unravel this week, with Mexican food giant Chipotle announcing big bonuses and expanded benefits for its workers in the aftermath of the GOP-led tax cuts.
Chipotle Mexican Grill announced the new policies Wednesday, saying the quick-service restaurant was “rolling out benefits” to all of its 71,000 employees; extending stock bonuses, cash payouts, as well as paid parental leave.
According to Fox Business, qualified hourly and full-time employees will receive a bonus of $1,000 with some eligible for stock bonuses and grants to buy-back into the corporation.
Chipotle cites the recently passed GOP tax cuts as a prime factor behind the revised compensation packages.
“Other offerings will include accelerated training programs, and additional paid parental leave for everyone, from hourly managers to salaried employees,” writes Fox. “The company also added life insurance and short-term disability insurance coverage for hourly restaurant managers.”
Chipotle joins a growing list of American-based corporations -such as AT&T, Disney, Starbucks, Walmart, Home Depot, UPS, Visa, and others- to pay out big bonuses and raise wages after President Trump signed the sweeping tax overhaul into law late last-year.
ARMAGEDDON CONTINUES: FedEx Announces $3.2 BILLION in Raises, Bonuses
The dire liberal predictions of doom and gloom following the recently passed GOP tax cuts continued to evaporate Friday, as shipping giant FedEx announced its plan to increase wages across the country and pay out big bonuses to American-based workers.
According to the New York Post, the nationwide shipping corporation unveiled its new plan to pay out over $200 million in increased wages, pledging two-thirds of the fund towards hourly employees and the rest to be doled out using performance metrics and time-served in the company.
FedEx also vowed to invest another $1.5 billion in the corporation’s benefits package and an addition $1.5 billion for its American transportation hubs.
“FedEx believes the Tax Cuts and Jobs Act will likely increase GDP and investment in the United States,” said a statement on the company’s website.
The announcement makes the shipping giant the latest American-based corporation to reinvest in the US economy following the passage of the GOP tax cuts.
AT&T, Starbucks, Disney, Home Depot, Walmart, American Airlines, Visa, and others have all raised wages and payed out big bonuses within weeks of President Trump signing the sweeping GOP tax legislation into law.