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Small businesses say their revenues are plummeting as they're forced to turn down business because of the labor shortage
Business Insider ^ | 10/25/2021 | Grace Dean

Posted on 10/25/2021 2:51:39 AM PDT by EBH

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To: EBH

On the other hand, heavy DNC mega-doners like Amazon and Walmart and doing just fine.

Imagine that. Almost like it was intended...


61 posted on 10/25/2021 10:06:18 AM PDT by Magnatron
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To: GOPJ

I knew wages weren’t the only reason people aren’t going back to their jobs because wages have been going up around here. Starting pay for burger flippers is $12-$15! I saw a sign at a Burger King offering a $1,500 sign on bonus!

I think many more families will revert to the traditional family model as the ones who have made the jump tell their friends and families how much happier they are. Step out of the rat race buddy and enjoy your family!

On the other end of things wages are rising. Good employers are taking care of their employees.
One of my sons got a $2.00/hr raise over three months to make his pay match the local economy. He wasn’t due a raise by company schedule but the company studied the local wage/cost of living numbers and raised the pay of every employee, even new hires. He operates a laser cutter at a conveyor builder.
He’s making $27/hour now.

My daughter, a pharmacy tech, changed jobs because she could make more, and be treated better, than she could at the hospital she worked at.
She went to work for a group of independent doctors who aren’t affiliated with the local hospital owned by Centra Health. These doctors are top shelf, head of the class doctors. If she has to work a weekend the doctors feed the entire staff. Sometimes its pizza, sometimes burgers or tacos/burritos, whatever and its an all you can eat affair!
Two months ago the outfit reached goals they had set for the year. Patients treated, new patients seen and other goals. They had one of the best BBQ places around set up in their back parking lot and fed the staff through two shifts, with take home containers allowed.


62 posted on 10/25/2021 10:43:39 AM PDT by oldvirginian (I’m getting tired of being part of a major historical event.)
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To: Liberty Tree Surgeon
parents are deciding to homeschool en masse and one of them is now staying home. Huge number of women leaving the workforce to homeschool or because the daycares are ALSO understaffed.

I think you're on to something.
63 posted on 10/25/2021 10:57:43 AM PDT by Antoninus (Republicans are all honorable men.)
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To: 9YearLurker

The reality for dog walking is it has seen significant increase in demand. Why?

People adopted pets during the shutdown. Particularly dogs. 23 million American households acquired a pet during the COVID-19 crisis and most will not consider rehoming their pet.

Even if they are working from home...they are working and still cannot take the dog out for a walk. And many of these dogs need to be afternoon tired, so their owners can ...work without interruptions.


64 posted on 10/25/2021 11:13:08 AM PDT by EBH (Never trust the government or a politician . 1776-2021 May God Save Us.)
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To: EBH

Here’s one report. Says originally down 90%, then picked back up to about prepandemic by May:

https://chicago.suntimes.com/business/2021/5/30/22457080/dog-walkers-busy-coronavirus-covid-19-pandemic-restrictions-ease


65 posted on 10/25/2021 11:18:39 AM PDT by 9YearLurker
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To: 9YearLurker

Correct, good job. Yes, the pet industry generally handles economic changes pretty well. Right now though...

...across the board dog walking companies are turning away business because they cannot find employees.


66 posted on 10/25/2021 11:24:55 AM PDT by EBH (Never trust the government or a politician . 1776-2021 May God Save Us.)
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To: Magnatron

Correct again. Too bad so many others on this post cannot see the forest for the trees in front of them.


67 posted on 10/25/2021 11:26:44 AM PDT by EBH (Never trust the government or a politician . 1776-2021 May God Save Us.)
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To: EBH
"...across the board dog walking companies are turning away business because they  cannot find employees  won't pay a wage sufficient to find employees."

FIFY


68 posted on 10/25/2021 12:16:45 PM PDT by Garth Tater (What's mine is mine.)
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To: Garth Tater

Guess you don’t think $24-$30 per hour to walks dogs is sufficient pay...? But then I bet you don’t know a thing about the dog walking biz.


69 posted on 10/25/2021 1:04:07 PM PDT by EBH (Never trust the government or a politician . 1776-2021 May God Save Us.)
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To: EBH
Why would it matter if I think it's sufficient pay? What matters is that everyone not taking the job think it's not enough.


>>"But then I bet you don’t know a thing about the dog walking biz."

Yeah, kind of like your familiarity with basic economics.


70 posted on 10/25/2021 1:47:44 PM PDT by Garth Tater (What's mine is mine.)
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To: EBH

I keep in contact with my friends /family back in New York. They say the veterinary clinics have gotten hit pretty hard with staffing and an influx of new animals:

1) Older DVMs retired during COVID-19;

2) People who got pets have been scheduling appointments to see these new animals;

3) Staff such as LVTs, front office, etc did not return for a variety of reasons this year

I was told it is 4-6 WEEKS to see a cat at many clinics in the WNY/CNY area. A couple of the emergency hospitals have had to decline new admits due to inadequate staffing for several days this year. If you have a cat or dog that is in extremis, you have a problem.

So I am taking two cats from a cousin this weekend, another cat is going to a niece, and my cousin is also sending two cats to Ontario, Canada to good friends who offered to take in two cats. These are cats that are older with not overly serious medical issues, but for which prompt treatment would be important.

I said to try and find a DVM who has a concierge service and makes house calls. You pay a retainer and some more for the care, but it would be timely. I believe it could be a money maker for an enterprising group of DVMs.


71 posted on 10/25/2021 1:58:14 PM PDT by Fury
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To: oldvirginian

Your daughter is working for a good company - they are doing it right.


72 posted on 10/25/2021 2:00:16 PM PDT by Fury
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To: Fury

Situation is the same here in Cleveland. Vet appointments are 6-8 weeks out.


73 posted on 10/25/2021 2:03:22 PM PDT by EBH (Never trust the government or a politician . 1776-2021 May God Save Us.)
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To: Macoozie

Re: 50 - I think that’s unwarranted.

Guess what - people who make $15 can be lazy just as people making $25/hour can be lazy.

Some people are forgetting that employees have to show up on time, stay off their phones, work and not “walk the halls”. During our new employee probationary period, if you blow off a work day, you’re fired. Late two times without a call beforehand, you’re fired. Using work computers for porn or gambling, you’re fired no matter how long you’ve been there.

If you’re making $50,000 - $60,000 starting as a desktop technican, you need to be squared away or you will be gone.


74 posted on 10/25/2021 2:07:38 PM PDT by Fury
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To: EBH

My cousin has 10 cats so she has her appointments stacked for multiple cats. A crazy way to do it, but really the only way.


75 posted on 10/25/2021 2:08:47 PM PDT by Fury
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To: Garth Tater

Oh I understand what is happening very clearly. It is those who keep saying “pay more.” That are causing a contraction in the economy yet to be fully realized.

Businesses shutting down due to lack of staffing
Wage demands inconsistent with the skill levels
Retailers cutting hours of operation heading into peak holiday season

Yeah...there’s nothing to see here other than low pay? Keep it up and there won’t be any jobs and 20% interest rates. Nobody is paying attention to history.

1970s
From November 1973, the economy contracted until March 1975, but it was relatively mild. The economy shrank by 0.5% in 1974 and by 0.2% in 1975.

President Richard Nixon fought back hard. He authorized wage-price controls, which kept prices and salaries too high. Consumers cut back on demand. Businesses laid off workers. Second, Nixon removed the United States dollar from the gold standard, which created inflation. The price of gold skyrocketed to $120 per ounce, and the dollar’s value plummeted. His destructive policies created stagflation and three consecutive quarters of contraction

1980s
The 1980 recession was the third-worst economic contraction in U.S. history. It was tough to beat, because there was also double-digit inflation. A contraction with inflation is called “stagflation.” That was due to President Nixon’s economic policies. The Fed raised interest rates to 20% to combat inflation. That hammered business spending and created the contraction.

It began in January 1980. It seemed like it was over in six months. In 1981, President Ronald Reagan took office. The Fed began lowering interest rates since inflation was at normal levels. But the contraction returned in July 1981 and lasted until November 1982. The economy contracted for six of the 12 quarters. That sent GDP down 0.3% in 1980 and 1.8% in 1982.

Unemployment increased to a record 10.8% in November 1982. It stayed above 10% for 10 months.

Reagan lowered the top income tax rate from 70% to 28%. He also reduced the corporate tax rate from 48% to 34%. Although he promised to reduce government spending, he doubled spending instead. His expansionary fiscal policies ended the recession.

Reagan got the contraction to end and the Democrats think their plan can avoid it too. Except...they plan to raise taxes which shouldn’t be done. They keep heading down this path and it will throw everything into a spiral. People demanding undeserved high wages is like Nixon’s wage-price control policy.

Yeah, we are so far in over our heads, basic economics means nothing. You need to up your level a bit and step back from the wages argument to see the bigger picture unfolding in front of us.


76 posted on 10/25/2021 2:12:25 PM PDT by EBH (Never trust the government or a politician . 1776-2021 May God Save Us.)
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To: Vaduz
shut down of many businesses.

So lets talk this all the way through. A small business shuts down because the owner of said business refuses to pay wages high enough to get employees. So what happens next? Does the owner get a real job?

77 posted on 10/25/2021 2:12:26 PM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: EBH

https://www.thebalance.com/economic-contraction-4067683


78 posted on 10/25/2021 2:14:19 PM PDT by EBH (Never trust the government or a politician . 1776-2021 May God Save Us.)
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To: EBH

the focus is on the labor shortage and wages, yet everyone I know has raised wages and yet the problem persists = raise them even more.


79 posted on 10/25/2021 2:15:06 PM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: EBH

Which goes back to our original discussion on small employers not wanting to increase wages so their employees can keep up with inflation. Where I have seen dog walking jobs advertised, which is NYC, they certainly appear to be very low-paying jobs. That is presumably because they had a steady enough supply of students or whomever willing to make the tradeoff to hang out with dogs for the day.


80 posted on 10/25/2021 2:16:53 PM PDT by 9YearLurker
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