“I didn’t even know the Chamber was around anymore.”
That was House Minority Leader Kevin McCarthy’s (R-Calif.) response to Punchbowl News’ question about the Chamber of Commerce being kicked off GOP strategy calls on Capitol Hill.
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The U.S. economy reported an increase of 194,000 jobs in September, and the unemployment rate fell to 4.8%, according to Department of Labor statistics.
The number of unemployed people fell by 710,000 to 7.7 million, according to the Department of Labor statistics released Friday. Economists projected that employers created 500,000f jobs in September, more than double the figure in August, according to the Wall Street Journal.
Despite the spike in employment, the labor market remains thin due to the pandemic, and job growth earlier in the year was considerably stronger, according to the WSJ.
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As a very young man, I was fortunate enough to start my own company out of my apartment using a small amount of investment capital from friends and family. Over time, that business grew to have over 6,000 employees and revenues in excess of $2 billion. Over nearly a 40-year span, my team and I built what some would consider a remarkable track record, as measured by both sales and profits.
Because of my experience growing that business, I feel a special kinship with small, privately owned businesses and their owners. I also come from a middle-class background, one that shaped me into the person I am today. It is through both the lens of entrepreneur and member of the middle-class that I look through when reflecting upon this Independence Day.
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The U.S. Chamber of Commerce characterized the worker shortage as a crisis that is hurting businesses of all sizes and slowing the nation’s economic recovery.
The biggest challenge U.S. businesses currently face is the lack of qualified workers to fill open jobs, according to the Chamber of Commerce’s America Works Report released Tuesday morning. The national Worker Availability Ratio (WAR) — or ratio of number of available workers to number of available jobs — has dropped over the last several months, the report found.
The current WAR is 1.4, meaning for every job opening there are one or two workers available, according to the America Works Report. The historical WAR average over the last 20 years is 2.8.
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Georgia Republicans want to make their elections work better after the 2020 disaster. They’ve proposed sensible measures to eliminate no-excuse absentee ballots, remove dubious ballot drop-off boxes, and reform early voting times. This effort would restore trust in the election process and ensure every ballot is legitimate. But, for some strange reason, this legislation has drawn the ire of the state’s business community.
The Georgia Chamber of Commerce last week expressed its “concern and opposition” to these measures in an official statement endorsed by Home Depot and Coca-Cola, two major corporations based in the Peach State. Black Lives Matter, Stacey Abrams, and other left-wing activists are pressuring these corporations and others to do more to oppose these election reform laws. They’re running TV and newspaper ads to strongarm companies into doing their bidding, and there’s a good chance the corporations eventually will bend the knee. Few corporations nowadays can resist the woke mobs.
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