#workers #pay #jobs #employers #employees
A local company was looking for “medical professionals” for $12 to $15 per hour, according to an electronic billboard.
Just down the street, at Buc-ees, they are paying non-professional labor up to $16 per hour.
And, Buc-ees has 401(k) matches, paid time off and other benefits.
It’s unclear what else you would get at the local company looking for “medical professionals.”
This contrast illustrates today’s labor market. In fairness to the local company, it’s unclear what type of “medical professionals” they are looking for. If they are looking for nurses, for example, it’s doubtful in this market that any nurse would work for so little, unless there was some other, overriding benefit to working there.
Buc-ees, a chain of highway rest stops that tout clean restrooms, loads of gas pumps, electric charging stations and an array of food and other items, is more like a Wal-Mart, in size and variety, than your basic convenience store/gas station.
Buc-ees makes no bones about wanting to take care of its work force as best it can.
More employers are encouraged – perhaps being forced – to be more rewarding to its workers, given the staffing shortages in nearly every industry.
It’s worth noting that some of the higher paid professional classifications, as in technology and media, are laying off people these days. These folks are likely to land on their feet in this labor market.
The COVID-19 pandemic changed the labor landscape perhaps forever. As businesses closed to prevent disease spread, workers lost their jobs in large numbers, or had to work from home. As they are now gradually coming back into the workforce and workplaces, they are re-evaluating what’s important in life.
It’s dangerous, particularly for employers, to give workers a lot of time to think.
The workers who are re-evaluating their situations are not, for the most part, lazy and just want to stay home. Their safety, their children’s education — kids had to go to school from home, too – and other factors are causing them to calculate whether what they were doing before Is worth going back to. As day-care options dried up during the pandemic, parents are now left looking hard for affordable child care, so they can go back to work.
Couple that with new, post-pandemic demand for goods and services unavailable for a long time, and they add up to more choices for workers.
More choices for workers mean more competition by employers.
This is good for all concerned. Certainly, we are all paying higher prices for things largely because employers have to give workers more. But, in the long term, both employers and employees will benefit.
Employers will have to try to find the sweet spot between not alienating customers with higher prices, and attracting and keeping workers.
This effort should create better places to work, and, ultimately, better products and services.
The employees will be compensated better on the job, although they may lose some that benefit through higher prices for things they need. Still, they will, as a whole, be better off in the long run than they were.
If you are a worker, evaluate your options with care, now that you have more of them. If you are an employer, find that sweet spot quickly, hire good people and your business should thrive in the long term.
Peter
Tag Archives: pay
WORKPLACES ARE CHANGING; WORKERS’ ATTITUDES ARE, TOO
#workplaces #workers #pay #benefits #childcare #COVID19 #coronavirus #FlattenTheCurve
The pandemic changed everything.
First, it gave workers a bit more leverage in how they deal with work/life balance.
That has good, and bad, effects.
Workers are leaving jobs that paid little, with no flexibility in their lives, to either stay home with children – day-care costs are rising and options are limited – or moving on to jobs that pay more and, perhaps, offer some of the flexibility they want.
A story by Marc Fisher for the Washington Post, and a “This Life” column by Nedra Rhone tackle this issue in detail. Both were published Dec. 30, 2021, in The Atlanta Journal-Constitution.
The Post story focuses on Liberty County, Ga., along the state’s coast. Liberty is a small county, with a major military institution, Ft. Stewart, as its biggest employer.
But the county is growing by adding big warehouses. These allow people to leave the small, mom-and-pop hotel and restaurant jobs for higher-paying, and often more flexible, warehouse work.
That hurts the lower-paying sole-owner businesses, causing them to cut back on hours, service etc., for lack of help.
Some employees had been laid off when many of these operations shut down. When they reopened, many of the workers did not return, for various reasons – not the least of which is the risk of being infected with COVID-19.
Meanwhile, Rhone’s column discusses the differences among various generations in how they react to changing workplaces.
The youngest generation of workers had their world turned upside down. Many now want to be entrepreneurs, meaning they may never work for anyone but themselves in their lives.
(What these young folks may not realize is that working only for oneself may have its own pitfalls. They still have to serve clients, who will be their ultimate employers).
So, all of this begs the usual question: where do you fit in this changing workplace?
Is the idea of going back to work too risky? Or, is it going to cost you more to go back to work (commuting, day care etc.) than you would make?
In summary, workplaces are changing. Workers no longer feel forced to take, or go back to, jobs that put them at risk, will cost them more to work than not, and not get a good return from the employer(s).
Employers currently are adapting by cutting back on things that could decimate their businesses. They have to find more creative ways to entice people from multiple generations, who have different hopes, dreams and attitudes toward the workplace.
To quote Donald Lovette, chairman of the Liberty County, Ga., Commission, from the Post story: “It’s not that people are lazy. It’s that some of them are better off financially by not paying for child care, staying home for a while … It’s simple economics.”
Employers, even those in basic businesses like hospitality and restaurants, have to come up with new ways to get and keep workers.
Peter
INCOME INEQUALITY IN BOOMING ECONOMY
IncomeInequality #jobs #recession #incomes
Despite strong job growth, Metro Atlanta incomes have faltered since 2007.
So writes Michael E. Kanell, business and economics reporter for The Atlanta Journal-Constitution. His article on the matter appeared March 25, 2019.
“At the same time, racial inequality remained stubbornly high, even as the economy rebounded from the Great Recession,” Kanell writes.
The Atlanta region ranks 33rd in the country in economic growth, and 57th for inclusion by race, the article states.
Though Kanell covers the Atlanta area, the same thing likely can be applied elsewhere.
As a person, economically and otherwise, are you better off than you were 11 years ago? Have you been able to hold on to that good job you had back then? Has your employer downsized, leaving you out to find other work? Does the other work you may – or may not – have found pay as well as the previous job? Have you been forced to retire long before you wanted to ? Do you have enough saved for retirement to make it at all comfortable?
These and any number of questions can be posed today after a decade recovering from the Great Recession.
Some folks may have lucked out and found better economic circumstances. But many have not. Yes, the economy is growing. But if your individual economy has not grown, in fact has shrunk, you are not alone.
So, if you are in that situation, what can you do?
Fortunately, there are solutions out there, other than trying to juggle multiple, low-paying and time-consuming jobs. There are vehicles out there that potentially can enable you not only to recover economically, but prosper – perhaps as you never have before. To check out one of the best such vehicles, message me.
You can sit around, fret and complain about your situation, or you can do something about it. Don’t expect some serendipitous event to come along to pull you out of your economic funk. Don’t expect a winning lottery ticket to solve your problem.
But you could be open to doing something you perhaps thought you would never do. It may take you out of your comfort zone, but if you’ve had to downsize your economic outlook, that can’t be really comfortable.
Kanell’s article says economically the best-performing regions, according to the Brookings Institution, are: Austin, Texas; San Antonio; San Jose, Calif.; and Dallas.
If you don’t live in one of those areas, or even if you do, you may not have benefitted individually from the nationwide economic growth.
Don’t look at the well-to-do with envy. Look at them as inspiration. You potentially could be among them if you are willing to look at programs that, starting with a part-time effort by you, could yield a pot of gold for you over time.
Times were tough a decade ago. Companies are still downsizing. Manufacturing plants are closing, or becoming more automated.
You can worry about it, or do something about it. It’s your choice.
Peter