Labor Is Emerging as a Competitive Advantage

News of labor shortages is seemingly everywhere. The coronavirus pandemic and the forced temporary business shutdowns it caused led employers to let go of millions of workers in the U.S. Now, as nearly 350 million vaccine doses have been administered, businesses are opening again.

That reopening has created an overwhelming demand for workers. At the same time, there are fewer workers to attract. Some workers are less enthusiastic about returning due to several factors: a continued fear of contracting COVID-19 while working, a lack of child care options while kids are home from school, and the temporary continuation of generous unemployment benefits.

All this has combined to create a situation where companies offering less stressful, more flexible jobs are gaining an advantage against others.

Source Fool.com