“No-one wants to work any more!”

But why?

It seem that if business owners and clients can get by Paying less and getting more done from the employees / servicers; they would! A lot of employers know they stress employees, suppliers, and small businesses with low wages, but people just don’t want to pay the price! As the old saying goes “you get what you pay for”! Time and time Commission Group Staffing find ourselves questioning our price structure and accommodating our clients as well as our workers across the nation because it seems no one wants to work anymore. Our nation is facing a staff shortage that’s affecting the economy in ways that we haven’t faced in 50 years meanwhile the Biden Administration has reported over a billion jobs have been created. Business owners across the country are saying that “nobody wants to work anymore” and many business owners and property owners are suffering and often times going out of business or decreasing their operating hours. So how are their so many jobs available but no-one wants to work? Simultaneously, there is a large population in need of work? Here in Abilene Texas there been facing real problems that we’re trying to fix, but what’s the core of this problem?

The Problem

(Paying staff VS Billing Fair Fees to our Clients)

A lot of clients don’t want to pay inflated prices and staff don’t want to work for less than reasonable wages; so as business owners where is the sweet spot? Before we get to the sweet spot I want to point out that the root of pricing issues come from the transition of wealth throughout the economy. Early 2022 the Chairman of the Federal Reserve, Gerome Powell said that Inflation would be transitory, and that everything would normalize over time, but Powell was wrong or simply lying. The real estate sector is amongst the first to be affected by the inflationary and interest rate changes and everything including gas prices followed.

In reality, most real estate stakeholders and business owners are in state of denial and many employees don’t want to work because they can’t afford to be at work! All Businesses are experiencing a profit reduction due to the rising costs of doing business. We believe this imbalance of the market compromises the state of small businesses globally. What is the current federal reserve interest rate in 2022? The current federal reserve interest rate or federal reserve rate is 3% to 3.5% as of September 21, 2022. This is the third consecutive retake of .75% in the fifth rate hike this year. According to the motley fool website. In the long term, The United States federal reserve rate is projected to trend around 4.75% in 2023 and 4% and 2024, according to our economic models. In many instances the average American is not conscious of the changing economy which makes making deals harder for employers.

Let me give you a reminder the actual purpose of this article is to make you critically think for both the employer, employees and the clients. The new normal is being created every day and it didn’t begin with COVID-19; It began when the Federal Reserve took the dollar off the gold standard. The normal is to live with inflation, but how do we change with the changing economy in real time?

The Solution

(Get Educated and stay Informed)

The solution is to actively budget and choose not to conduct business as usual. Because currently there is no business as usual there is too many changing variables in the economy to conduct business as usual. The bottom line is we have to realize it’s time for “out with the old and in with the new” mentality if we want to make America healthy again. When we budget we can know the true cost of doing business and the true cost of investing in your business to get a predictable ROI (return on investment).

In regards to CG Staffing You get what you pay for, because we are facing the same problems of determining how much does it cost to get good help to maintain client satisfaction! How do you know what prices are too high or too low? How much does it cost to get good help it maintain your business? How do you know what is too high or too low to pay? The direct answer is to know your numbers.  Knowing your numbers can help you get the proper service. Instead of negotiating; try to have the actual cost in the price of doing business prepared and communicate to your service providers to reach a fair number. The old way of doing business by taking advantage of the marketplace is coming to an end because the economy is failing. This is time to be honest and when you know your numbers you can know actually how much it costs to do business. If you are one of the investors, employers, or clients that have an issue with being honest, then you do not belong in the healthy New Normal Economy. THE END.