Finding Workers Is Harder Than Ever. The Economic Impact Could Be Significant
Employers hired more than 1.8 million workers in June and July. But millions of others are still on the sidelines. That's leading to longer wait times and forcing some businesses to turn down orders.
Like a lot of employers, Dean Burrows is looking for help these days.
Many of the experienced machinists at Gear Motions, the company Burrows runs in Syracuse, N.Y., took early retirement during the pandemic. And finding replacements has not been easy.
"We're not just competing against other manufacturers," Burrows says. "We're competing against the McDonalds, the Amazons. So it becomes challenging to try to position yourself as a company that people want to come to work for."
Burrows has boosted wages by 20%, and he's offering to train less-experienced workers. But it's still a
