And interesting thing is happening across the country….
People out of work from the pandemic actually made more money with unemployment and the extra Federal stimulus money….
Some of those people have refused top go back to work at places where they would actually lose money….
Some employers have HAD to increase pay to deal with their supply and demand issue….
(Less immigrant labor available doesn’t help either)
The pay hikes are reflected in the latest jobs report, which showed that the U.S. economy added 850,000 jobs in June, the strongest gain since last summer. The unemployment rate rose slightly to 5.9 percent. Much of the hiring occurred in the restaurant, hotel and entertainment sectors that have seen the fastest wage gains. Average pay in the restaurant industry is now above $15 an hour for the first time.
In many ways, this is a story of basic supply-and-demand forces playing out in the economy. There’s a lot of demand for workers right now, and not a large supply of people ready to go back to work. Many of the unemployed are still dealing with health issues or child-care problems, or want to reinvent themselves with a career change as the pandemic wanes. Plus, ample government aid has given many workers enough of a savings cushion to remain jobless a little longer to see how their situation pans out, a labor force luxury that Republicans have roundly criticized.
The result is that businesses are competing hard for a smaller pool of workers, and pay is going up — sharply. Economists say it’s the best time in years to ask for a raise or seek a new job….
Some businesses will be losing people because of efforts to force employee’s to come back to work in cramped offices, or forcing them to get vaccinated….
After the past year?
Some people are just retiring rather than go back to work….