2021-10-21 19:12:51 UTC
We cannot survive another 3 years of this ass clown as POTUS and the
Democrats in control.
They are destroying everything they touch.
"Federal Reserve: Businesses Say Vaccine Mandates Are Hurting
"The Federal Reserve on Thursday said that businesses have reported
COVID-19 vaccine mandates have hurt employment and are contributing
to labor supply problemseven before President Joe Bidens previously
announced vaccine mandate for private businesses goes into effect.
While employment increased at a modest to moderate rate in recent
weeks, the Feds so-called Beige Book noted that the U.S. economy has
been dampened by a low supply of workers, partially due to vaccine
Transportation and technology firms saw particularly low labor
supply, while many retail, hospitality, and manufacturing firms cut
hours or production because they did not have enough workers, its
report summary said. Firms reported high turnover, as workers left
for other jobs or retired. Child-care issues and vaccine mandates
were widely cited as contributing to the problem, along with COVID-
Boeing employees and others wave to passing traffic in the rain as
they protest the companys COVID-19 vaccine mandate, outside the
Boeing facility in Everett, Wash., on Oct. 15, 2021. (Lindsey
Individual Fed banks said they have heard of employees quitting over
mandates. While the Federal Reserve Bank of Philadelphia reported
that few businesses lost employees over the mandates, the Federal
Reserve Bank of Atlanta reported that companies were worried that
implementing a vaccine requirement could cost them workers.
Most employers shared that they would like to implement COVID-19
vaccine mandates but were concerned about losing employees, the
Atlanta Fed said in the report. Worries about employee mental
health, burnout, safety, and vaccine mandates impacting company
culture were mentioned.
Some manufacturing businesses reported a higher labor turnover that
some attributed to the lagged effects of the pandemic but some said
the quits were in response to vaccine mandates, the Boston Fed also
said in its report.
A few employers expressed concern that federally mandated COVID
regulations, such as vaccine requirements, could exacerbate their
workforce challenges, the Richmond Fed also said. Average wages
increased moderately as firms offered higher starting pay and
increased wages to recruit and retain staff. Many also continued to
provide sign-on and stay-on bonuses.
Some 4.3 million workers quit their jobs in August, according to the
most updated data from the Labor Department. That figure represents
an all-time high since recordkeeping began in December 2000.
On Sept. 9, Biden announced that private businesses with 100 or more
employees would have to either mandate vaccinations or have workers
submit to weekly COVID-19 testing, as well as mandates for federal
contractors, federal workers, and healthcare staff who are employed
at Medicaid- or Medicare-funded facilities.
As a result several large corporations, including most major airlines
and healthcare companies, began to implement vaccine requirements in
Although Biden made the announcement in early September that he will
direct the Occupational Safety and Health Administration to come up
with an emergency rule on COVID-19 vaccines, the agency submitted its
mandate for private employers on Oct. 12. So far, the White House has
not provided a clear timeline on when the rule could be implemented
or what penalties businesses could face."