Posted on 10/22/2021 11:16:59 AM PDT by MNJohnnie
he Federal Reserve on Thursday said that businesses have reported COVID-19 vaccine mandates have hurt employment and are contributing to labor supply problems—even before President Joe Biden’s previously announced vaccine mandate for private businesses goes into effect.
While employment increased at a modest to moderate rate in recent weeks, the Fed’s so-called Beige Book noted that the U.S. economy has been “dampened by a low supply of workers,” partially due to vaccine mandates.
Transportation and technology firms saw particularly low labor supply, while many retail, hospitality, and manufacturing firms cut hours or production because they did not have enough workers,” its report summary said. “Firms reported high turnover, as workers left for other jobs or retired. Child-care issues and vaccine mandates were widely cited as contributing to the problem, along with COVID-related absences.”
Individual Fed banks said they have heard of employees quitting over mandates. While the Federal Reserve Bank of Philadelphia reported that few businesses lost employees over the mandates, the Federal Reserve Bank of Atlanta reported that companies were worried that implementing a vaccine requirement could cost them workers.
“Most employers shared that they would like to implement COVID-19 vaccine mandates but were concerned about losing employees,” the Atlanta Fed said in the report. “Worries about employee mental health, burnout, safety, and vaccine mandates impacting company culture were mentioned.”
Some manufacturing businesses reported a “higher labor turnover that some attributed to the lagged effects of the pandemic” but some said the quits were “in response to vaccine mandates,” the Boston Fed also said in its report.
“A few employers expressed concern that federally mandated COVID regulations, such as vaccine requirements, could exacerbate their workforce challenges,” the Richmond Fed also said. “Average wages increased moderately as firms offered higher starting pay and increased wages to recruit and retain staff. Many also continued to provide sign-on and stay-on bonuses.”
Some 4.3 million workers quit their jobs in August, according to the most updated data from the Labor Department. That figure represents an all-time high since recordkeeping began in December 2000.
On Sept. 9, Biden announced that private businesses with 100 or more employees would have to either mandate vaccinations or have workers submit to weekly COVID-19 testing, as well as mandates for federal contractors, federal workers, and healthcare staff who are employed at Medicaid- or Medicare-funded facilities.
As a result several large corporations, including most major airlines and healthcare companies, began to implement vaccine requirements in recent weeks.
Although Biden made the announcement in early September that he will direct the Occupational Safety and Health Administration to come up with an emergency rule on COVID-19 vaccines, the agency submitted its mandate for private employers on Oct. 12. So far, the White House has not provided a clear timeline on when the rule could be implemented or what penalties businesses could face.
Who could have ever figured that out?
These clowns are absolute geniuses.
Makes perfect sense if its part of a plan...just sayin’.
Ya think??????
Who ever would have guessed?
Just sitting here watching.
Take this jab and shove it!
They think we are complete idiots who are easily led.
Projecting most likely, or they would have understood that we are not.
Of all people Michael Moore at least got rural America mentality. He tried to warn them about Trump but no, instead they go with the most self-centered, self-absorbed, *I can’t believe I’m not 50 points ahead in the polls * crook going.
For all their derision over mainstream America, they just don’t get it.
It’s them unclean, unpatriotic, Colin Powell killin’, unvaxxed, stoopid bast**ds. Right Brandon?
In a short time they have destroyed the US economy. This was their intention. First, because it was Trump’s economy, and they hate him. Second, because the misery it causes will enable them to implement their agenda. Reparations to the blacks who they put out of work and a tightening of the socialist noose around our necks.
The public is too stupid to realize or care what’s going on.
Well No Shit.
Our “betters” ladies and gentlemen.
NSS...duh
They will probably form a blue ribbon commission sometime next spring.
Anyone notice they started these mandates right after the unemployment bonus payments stopped that were designed to influence people not to work? Now they are moving on to just getting people fired who work. This is all an attempt by the domestic enemy regime to destroy the economy.
Why don't the illegal mandates apply to illegal aliens?
Why don't the illegal mandates apply to ambassadors and diplomatic staff?
Why don't the illegal mandates apply to welfare recipients?
...but we all know why the illegal mandates don't apply to Congress and their staff.
Gee! Ya think?!!!!!
Let’s Go Brandon!
Gee, I wonder what their first clue was?
Maybe someday when we have proven vaccines that are shown to be safe & that actually accomplish what they are meant to do...then we won’t need any mandates. Of course, this would also mean having proof that folks are not dying from them.
There should never, ever, BE any "mandates". And there especially shouldn't be mandates for a "vaccine" for a "disease" which is as survivable as the flu. "COVID" isn't Ebola.
Unexpected
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