Paychex CEO Says Low Unemployment Most Affecting Small Businesses

The video discusses regional wage increases, highlighting the West's rise due to minimum wage changes. It contrasts this with job growth in the South, driven by energy and construction. Small businesses face challenges from wage hikes, lacking resources to compete. Fringe hiring is rising, and the housing market may boost job demand. Labor shortages and a skills gap in technical trades are noted, with community colleges stepping in to provide training.

What skills are currently lacking in the job market, particularly in technical trades?

In what ways are community colleges adapting to address the skills gap in the workforce?