Twenty-three percent (23 percent) of small business owners now say that finding qualified workers is their "single most important business problem." That’s just a single percentage point shy of the all-time record for the 32-year history of the National Federation of Independent Business (NFIB) employment survey.
As a result of the tight labor market, 35 percent of small businesses are paying their workers and potential workers more money. That’s a record high.
Monday’s Number of the Day noted that this phenomenon is not restricted to small businesses. Walmart is now offering significant tuition subsidies in an effort to retain workers. This comes after Walmart significantly increased the base wage for workers earlier in the year.
- The Wall Street Journal, "A Record Month for Raises," May 31, 2018
Each weekday, Scott Rasmussen’s Number of the Day explores interesting and newsworthy topics at the intersection of culture, politics, and technology. Columns published on Ballotpedia reflect the views of the author.
Scott Rasmussen is founder and president of the Rasmussen Media Group. He is the author of "Mad as Hell: How the Tea Party Movement Is Fundamentally Remaking Our Two-Party System," "In Search of Self-Governance," and "The People’s Money: How Voters Will Balance the Budget and Eliminate the Federal Debt." Read more reports from Scott Rasmussen — Click Here Now.
© 2021 Newsmax. All rights reserved.