Let’s Talk… Stores and Restaurants Across the Country are Understaffed. Why?

The restaurant and services industries, all across the country, are having one thing in common right now, they are short staffed. What’s causing this? Will it change? Here are some answers to these questions everyone’s wondering.

The cause of this can be attributed to the country’s shutdown. Millions of people were laid off or put on furlough because of COVID 19. The goal of the government is to provide economic support to those trying to get back to work, so during the pandemic the additional federal unemployment benefits were up to $600 per week. As the economies started to open back up, the relief package came down to $300 to encourage people to start seeking employment, if possible.

The generous benefits caused a shortage of employees in many industries, as many people were able to stay at home collecting the same amount of money, if not more, than what they could earn in the workforce.

The ‘Federal Pandemic Unemployment Compensation Program’, which provided many Americans with an additional weekly stipend, is set to end in Texas this week.

What is it going to take to get things back to “normal” again? Do you think the end of the program will help? Or is increased pay the answer? What are your thoughts?

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The opinions voiced in this material are for general information only and not intended to provide specific advice or recommendations for any individual.

The economic forecasts set forth in this material may not develop as predicted and there can be no guarantee that strategies promoted will be successful.