Lots of people were betting that workers would return to the workforce the moment extended unemployment benefits ended. Although, I’m not much of a gambler, I recently went all in and made a bet that I knew I couldn’t lose.
A friend of mine, who is an executive, told me that the reason jobs were going unfilled was because of the additional unemployment checks doled out by the government.
I told him he was dead wrong. He responded with, “Want to make a bet?” I agreed and asked him, “What do you have in mind?” So, here’s what we settled on. If the ability of companies to staff their organizations dramatically improved, several months after the subsidies went away, I’d take him to dinner at a restaurant of his choice. If they did not, he owed me dinner.
To support my claim, I sent my friend a host of stories, including a recent article titled, “Unemployment benefits ended, but hiring did not surge in September.” In this piece, it was clear that out-of-work Americans did not rush back into the job market after beefed-up unemployment benefits ended nationwide in September. Other factors, including fears of contracting COVID-19, childcare issues, and people reevaluating the meaning of their lives seem to continue playing a major role in prompting people to remain at home.
States that stopped the pandemic unemployment programs early, thinking it would help solve staffing shortages and stem the tide of the Great Resignation, found that according to studies and government data, employment did not grow substantially faster in those states.
And as an update, last week, my friend finally admitted he was wrong; I’m now searching for the most expensive restaurant I can find!
Read more here https://www.fastcompany.com/90706899/11-reasons-no-ones-applying-to-your-open-job
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