I’m looking for many solutions for this reading how we can resolve the problem that is in this reading Company insas money Labor Shortage May Imperil Growth By Andy Puzder And it's true that a global exceeded the number of un- Heightened competition. economic slowdown, the employed. In July, the most for employees is improving. ood help is hard to Fed's actions on interest recent month for which we economie cireumstances for G find-and increasingly rates, and concerns about the have data, job cpenings stood working Americans better so in today's economy. trade war with China have at 22 million-nearly 1.2 mil than any governmetit pro According to a monthly sur dampened the recovery, But lion more than the number of gram or mandate ever could. vey by the National Federa the tight labor market is the unemployed. tion of Independent Basilephant in the room But for the tight labor mar- This is great news for em ket to persist, the economy nesses, “arecord percentage Employers are still hiring ployees, as it's patting up mast contine growing Para of small business owners re and the demand for employ ward pressure on wages dosically, if economic growth ported having difficalties ees remains high, indicating Through August, year-over is to continue driving the rAnding qualified workers in both underlying economic wear ware erowth has met or eurrent demand for workers, Aagust. It's been the top strength and confidence in exceeded 3% for 13 consecs at some point the econoy problem in the survey since the future. Yet a shortage of tive months. A worker with a will need more workers to January 2018. Policy makers need to listen. Fifty-seven percent of last A lack of qualified month's respondents, includworkers boosts wages ing 89% of those “hiring or trying to hire,” found “few but makes it hard for 40-hour-a-week job making meet that demand That means job training is August 2017 (when it was increasingly important, par- $22.11) through August 2019 ticularly for discouraged ($23.59) woald have seen an workers who want to re-enter annual salary increase from the labor force. The Trump- administration has taken ac Last week the Census Bu tion such as encouraging reau reported that the pov- companies to make trang erty rate fell 0.5 percentage wailable, but with eongres share of owners reporting employees Inevitably afects point in 2018 to 1.8s the slonal sapport more can be the avernge hourly wage from or no qualified applicants for businesses to expand. about $44,000 to $47,0000 the positions they were try- ing to fill.” The construction industry had the highest hiring difficulties at 68% ; economic growth, A basiness lowest level since 2001, Con done. Higher levels of merit- manufacturing was second at wo't open a new factory or trary to Sen Flizabeth War heeed eral imgration-as 59%. With the unemplay restaurant if it can't staff the reats insistence that the eco- opposed to immigration ment rate near a 50-year low ones it already has. Labor nomic boom benefits only “a based on distant family con- and a record 157.9 million shortagés also can hold back thinner and thinner sllce at nections-could also relieve Americans employed, there capital spending. What good the top,” inequality has fallen some of the pressire. are simply fewer workers is a new truck if you can't as incomes rise. The sháre of available. Partly as a result, average monthly job growth as re- took office, there were 1.9 has in a decade, while those ery, the US. needs more ported by the Bureau of La- million more people unem- in the 20th to 40th percen- workers bor Statistics has slowed, ployed than job openings. tile-the second-lowest in- from 223.000 last year to Thanks to tax cuts, regalatory come quintile-“experienced 158,000 so far this year, rollbacks and a focus on do- the largest increase in aver CEO of CKE Restaurants and Some experts have seized on mestic energy production, age household income among author of “The Capitalist this decline as evidence that that comparison has flipped. all quintiles” at 2.5 %, accord- Comeback: The Trump Boom the longest economic recov For the past 17 consecutive ing to the White House Coun- and the Left's Mot to Stop ery on record is losing steam. months, job apenings have cil of Economic Advisers. Both business owners and income earned by the top jobs data tell us the same When President Trump 20% fell in 2018 more than it thingg To sustain the recov- find someone to drive it? Mr. Puzder is a former It.”
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