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Small businesses grapple with persistent staff shortage

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Small businesses in the United States continue to grapple with the challenges posed by a tight labor market.

Despite various efforts to rebound from the pandemic, these enterprises are finding it increasingly difficult to attract and retain employees. This labor shortage has led to higher wages, increased competition for talent, and operational hurdles that many small businesses are struggling to overcome.

In the wake of the COVID-19 pandemic, small businesses across the nation faced unprecedented challenges. Many had to close temporarily, leading to layoffs and furloughs.

As the economy reopens, these businesses are eager to rebuild, but they are encountering a significant roadblock: a shortage of available workers. The demand for labor has surged, but the supply has not kept pace, leaving small business owners in a tough spot.

With labor in short supply, small businesses are being forced to raise wages and offer more generous benefits packages to attract and retain workers.

While this may be good news for employees, it’s a challenge for business owners who are already dealing with rising costs.

Additionally, increased competition for talent has made it harder for small businesses to find the skilled workers they need, especially in sectors like hospitality and manufacturing.

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Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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