While the end of pandemic unemployment benefits in September may finally put an end to the most dysfunctional US labor market in recent history, one where 14 million Americans still collect unemployment benefits yet where the number of job openings has soared to all time highs and is now equal to the number of unemployed workers…
… which in turn is prompting the Fed to continue its $120 billion in monthly QE until such time as the Fed finds “significant progress” on the labor front and giving its a convenient smoke screen to perpetuate its unorthodox monetary policy for years, we wouldn’t be holding our breath for a quick normalization to the US jobs market, and here’s why: according to a survey from Joblist, an employment-search engine, more than half of US hospitality workers wouldn’t go back to their old jobs and over a third aren’t even considering reentering the industry, underscoring the hiring challenges for restaurants, bars and hotels.
That’s what happens when you pay poorly and cut your people down to part time, so they do not get benefits
Save your “shoulda gone to college” BS
We will always need stockers, cashiers, cooks, servers, laborers, etc.
Doesn’t mean they should not be making a livable wage and have healthcare
No Wonder they SUCK !!!!
Not enough Money = Bad Job !!!!