I am not a business owner, but I would assume excess cash is a trade off. One can hire more workers to get the job done, or one can invest in the productivity of current workers. With the cost of new workers now rising rapidly, I would think an employer would rather use their money to train CURRENT employees to make them more productive, and forgo adding to their staff levels.
“One can hire more workers to get the job done, or one can invest in the productivity of current workers.”
In many companies that have laid people off, they simply use “Plan C”: Force the remaining employees to do their own work, plus that of their laid-off co-workers, in order to keep their jobs. Over a year ago the Wall Street Journal highlighted the problems faced by those who survived layoffs; this was a big issue. People who used to work 9-5 are now working 9-7 (for the same pay).
In my neck of the woods, paying cash is the name of the game. My neighbor makes $400 cash just by managing the owner’s Amazon store. Of course, this is L.A. fabric/fashion district where every owner has 1 or 2 illegals working for their stores.