The Bureau of Labor Statistics February Job Opening and Labor Turnover (JOLTS) Survey today showed President Biden’s worker shortage remains near historic highs with more than 11 million job openings.
How did we get in this mess?
Small businesses are still desperate for workers and are having to pass higher prices onto consumers. And with experts warning we’re either on the verge of – or already in – wage-price spiral, nearly 60 percent of American families are concerned “a great deal” about rising prices.
Worse, there is growing consensus among economists that our economy is headed toward a recession.
CLICK HERE to read the full survey.
President Biden is doubling down on crippling tax hikes that will hit working families and Main Street businesses.
Between two and four million people have left the workforce altogether after being discouraged to reconnect to work by the revamped child tax credit and COVID stimulus.
Working Americans have seen the largest decline in real wages since the data began being reported.
With more than 60 percent of Main Street businesses reporting they’re having to raise their prices to keep up with inflation – which has reached the highest rate since 1982 – economists are warning the U.S. is at risk of a wage-price spiral.