US companies are still struggling to hire workers because Americans are “flush for the moment” due to the stimulus checks they received from the federal government to help them through the coronavirus pandemic, according to the nation’s most powerful Republican.
Senate Minority Leader Mitch McConnell (R-Ky.) said the labor shortage currently hampering the US economy will be resolved once the money that Americans saved from their stimulus checks runs out.
“You’ve got a whole lot of people sitting on the sidelines because, frankly, they’re flush for the moment,” McConnell said during an event in Paducah, Kentucky, on Tuesday.
“What we’ve got to hope is once they run out of money, they’ll start concluding it’s better to work than not to work.”
McConnell’s remarks were reported by Business Insider.
In March 2021, the Biden administration signed into law a rescue package that sent $1,400 checks to Americans. No Republicans supported the measure, which passed strictly with Democratic votes. --->READ MORE HERE
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| Photographs by Amir Hamja for The Wall Street Journal |
Soon after a gunman shot and killed a Goldman Sachs Inc. employee on a New York City subway train in late May, David Solomon’s email inbox started filling up.
Staffers shared their grief and alarm with the Goldman chief executive. They also had questions about the viability of returning to the bank’s Manhattan office, according to people familiar with the matter.
Later that day, Mr. Solomon called New York City Mayor Eric Adams to express his concerns and make an emphatic point to the mayor, who has been struggling to increase the share of workers returning to the office. Mr. Solomon told him that employees were reluctant to return because the safety and quality of life in the city were deteriorating, these people said.
More than two years into the Covid-19 pandemic, exasperation is growing among business, city and community leaders across the U.S. who have seen offices left behind while life returns to normal at restaurants, airlines, sporting events and other places where people gather. Even after many employers have adopted hybrid schedules, less than half the number of prepandemic office workers are returning to business districts consistently.
The problem is most pronounced in America’s biggest cities. Nationally, office use hit a pandemic-era high of 44% in early June, while cities like Philadelphia, Chicago, San Francisco and New York have lagged behind, according to Kastle Systems, which collects data on how many workers swipe into office buildings each day. --->READ MORE HEREFollow links below to relevant/related stories and resources:
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