Alberto Wallis's avatar
$23.4m follower assets
Labor Shortage A Major Concern For Some Companies
Over the past few weeks, we've seen several companies talk about their struggles with the US labor shortage. Labor-intensive companies like restaurants and hotels are experiencing significant headwinds. Higher labor costs, missed sales due to reduced operating hours, and productivity declines due to the learnings curves of new hires are some of the issues affecting these companies.

The latest Fincredible MacroTalk highlights the most relevant quotes from company earnings calls on this topic. Here's the one's I found most relevant:

In current conditions, the minimum wage is not getting prospective employees in the door. Companies are being forced to raise their wages significantly to compete in this labor market. And the situation is likely to be persistent:

The labor shortage has severe implications for companies. Higher labor costs due to higher wages and increased spending on training and hiring processes, as well as reduced operating hours and missed sales:

Labor is an essential part of the supply chain, and as long as these issues persist, the supply chain woes won't be fixed.

If you'd like to review the whole post, here's the link: Fincredible MacroTalk: Labor Shortages . Quotes from $AMZN $CMG $CPT $BJ $BJRI $SIX $KMB $PCH $WM $QSR $BYD $TXRH $KMPR $YUM $HUBG $MMSI $JBT $HSY
I'd be curious to know how much of the labor shortage is due to people opening their own businesses and getting out of the corporate structure entirely during the height of the pandemic? 🤔
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