Georgia has 350,000 job postings but only about 170,000 unemployed Georgians.
State officials routinely highlight Georgia’s low unemployment rate, but that doesn’t address the worker shortage.
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As Wisconsin businesses struggle through a worker shortage crisis, it appears Wisconsin’s public schools are failing to prepare students for the workforce.
Wisconsin Manufacturers & Commerce’s latest employer survey finds 73 percent of responding businesses said ‘no’ when asked if students graduating from the Badger State’s K-12 education system are prepared for the workforce.
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In his state of the state address last month, Gov. Tony Evers boasted about Wisconsin’s low unemployment rate. What the Democrat failed to mention is Wisconsin’s dismal labor participation rate, a number that underscores one of the biggest economic challenges facing Badger State businesses.
“Our labor force participation rate is worse today than it was at the bottom point of COVID when our economy was shut down,” said Scott Manley, Executive Vice President of Government Relations for Wisconsin Manufacturers & Commerce.
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Wisconsin’s professional licensing department is blaming a lack of employees as well as a lack of money for the months-long delay in getting people their paperwork to go back to work.
The legislature’s Study Committee on Occupational Licensing held a daylong meeting Tuesday where lawmakers pressed Department of Safety and Professional Services leaders, the latter who essentially blamed lawmakers.
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The ongoing difficulty of finding workers in Wisconsin is just part of the problem for small businesses in the state.
A new report from Help Advisor said Wisconsin is ranked third in the nation when it comes to the trouble of finding workers. Only Missouri and Vermont are ranked worse.
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Wildly excessive federal spending is causing major inflation and shortages, which may lead to a recession and perhaps a financial crisis. Despite the evidence of inflation, Congress is proposing to spend $3.5 trillion on top of the $1.9 trillion COVID relief bill passed earlier this year and the intended $1.2 trillion infrastructure bill. For comparison, federal revenue is only expected to be $3.8 trillion this year.
Evidently, the Democratic Party and President Joe Biden have adopted Modern Monetary Theory (MMT) to the peril of every American citizen. MMT, which is similar to Keynesian economics, says that the U.S. should not be constrained by revenues in federal government spending since the government is the monopoly issuer of the U.S. dollar. MMT is a destructive myth that provides cover for excessive government spending. And it’s not modern, since reckless government spending has been around for thousands of years.
Embracing MMT is similar to providing whiskey and car keys to teenage boys. We know the outcomes will not be good.
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The U.S. Chamber of Commerce characterized the worker shortage as a crisis that is hurting businesses of all sizes and slowing the nation’s economic recovery.
The biggest challenge U.S. businesses currently face is the lack of qualified workers to fill open jobs, according to the Chamber of Commerce’s America Works Report released Tuesday morning. The national Worker Availability Ratio (WAR) — or ratio of number of available workers to number of available jobs — has dropped over the last several months, the report found.
The current WAR is 1.4, meaning for every job opening there are one or two workers available, according to the America Works Report. The historical WAR average over the last 20 years is 2.8.
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