Next week is National Small Business Week, but owners aren’t likely to spend it celebrating — they’ll be too busy trying to hire workers or keep the ones they have from defecting to bigger firms.the labor market continues to thrive. “This is a worker’s job market,” said Moody’s Analytics Chief Economist Mark Zandi.
They’re not always succeeding. The survey found that although 60 percent of respondents said they were hiring or trying to hire, 54 percent found few to no qualified applicants for those open positions. More than one in five said difficulty in finding workers was the top problem facing their business, and nearly two in five said there were current job openings at their companies they could not fill.
"In general, we’d say one of the largest challenges facing small employers is finding workers, and that’s reflected in the data we’re seeing,” said Daniel Zhao, Glassdoor senior economist. When the last survey was conducted last fall, researchers found that although small business owners’ optimism about the local and global economies had started to dim, their expectations for the economy strengthened, with 55 percent anticipating improvement. In the new survey, that has reversed: A slim minority of 48 percent think the national economy will improve, while global and local expectations continue to fall, as well.
And the promised corporate tax cuts may have been more hype than hiring accelerator. Nearly 60 percent of Bank of America survey respondents expected the Tax Cuts and Jobs Act to be a “game changer” and 45 percent expected it would have a positive impact on their business . Now that reality has set in, 35 percent said it actually was a game changer; fewer than three in 10 said it has been positive for their business.
It’s been HUGE for my small business. This is just trying to keep things negative. Open your eyes and look around folks. Our country is in GREAT shape right now.
The republican tax cut was designed by the rich for the rich, why would anyone be shocked or have expected anything else from republicans? Pull your head out of your ass people, this isn't the first time republicans have done this. Stupid republican supporters.
As a small business owner I can assure you there was zero positive impact for us.
This is the polished version of it.
Republicans cannot lose another election! They are totally PETRIFIED about 2020. I love it!
Why... because you have to pay more for an employee? Ist that what you want?
So 30% of America's businesses greatly benefited from the Trump tax cut? Gosh, sounds like a huge win to me!