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

[central_va]

Employers pay wages comensurate with the skills of the worker & the demands of the job. NO experience? Not starting at the top.

Employers pay what ever the market rate for labor is in any given location.

[cgbg]

I had a business fail in my younger days.

Not fun.

Eventually I got a good job, but I had to move out of the area to do it.

[oldvirginian]

Yes she is. She worked for Centra Health which treated everyone badly. She says she loves being appreciated.

[Garth Tater]

>>"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."

Yep, that's what inflation does in its later stages. When currency debasement first starts up the economy grows and jobs are created - then comes the time to pay the piper. Inflation starts hitting both businesses and their employees on all sides and in the employees' case, they are unwilling to do the same job they were doing before for what is now effectively a lower wage. It really doesn't matter that inflation is also hitting businesses hard, if they can't or won't pay a worker enough to convince him or her to put in a day's labor then they won't have an employee.

Paying the inflationary piper will put a lot of businesses under (yeah, I remember the early 80's) and it sucks to be one of the no longer viable concerns but it is what it is and what it is is massive theft through currency debasement that everyone, employers and employees alike, is now paying for. Businesses can downsize by not paying high enough wages to attract employees and try to get by by focusing on their core operations and their most profitable customers or they can pay the ever higher wages, lose money and eventually go out of business. Tough times are here and people just might have to start walking their own dogs.

ps. if you need your dogs walked private message me, I do have a price for that kind of service. Grooming too.


>>"People demanding undeserved high wages is like Nixon’s wage-price control policy."

Well yeah, except one takes place in a free market among people free to choose who they do business with and under what terms and the other was fascism. But yeah, kind of the same thing.


>>"Yeah, we are so far in over our heads, basic economics means nothing."

Spoken like a true expert.

[Mygirlsmom]

Ugh....HR

Employing the otherwise unemployable by giving them tasks that hinder employing the useful

[Vaduz]

Business refuses to pay = Blackmail

And his options are?.

Marxism never sleeps