What's Next For The National Labor Shortage?

The video discusses the challenges faced by small businesses in the post-pandemic era, highlighting the significant drop in employment, especially in the hospitality sector. It provides state-wise employment statistics and suggests strategies for small businesses to improve staffing and retention, such as offering flexible schedules and frequent pay. The video concludes with a cautious outlook for 2022, emphasizing the need for small businesses to adapt to ongoing challenges.

What is one of the main challenges small businesses face according to the transcript?

• High taxes

• Lack of technology

• Unfilled jobs

• Excessive competition

Which state experienced a 27% drop in employment in the hospitality industry?

• Michigan

• Ohio

• Colorado

• Florida

What is one suggested method for small businesses to retain workers?

• Increase working hours

• Provide more control over schedules

• Offer free meals

• Reduce employee benefits

How can the frequency of pay be used as an incentive for workers?

• Paying annually

• Paying as they work

• Paying every two weeks

• Paying monthly

What is the outlook for small businesses in 2022 according to Waldman?

• No change

• Rapid improvement

• Slow change

• Immediate recovery