Still Desperate
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Still Desperate
Small businesses are still desperate for workers even as other companies slow hiring
Published Thu, Sep 1 2022 8:30 AM EDT
Hiring at U.S. small businesses with fewer than 50 employees has slowed for five straight months, according to data from Paychex and IHS Markit. But Paychex CEO Marty Mucci said that is not because of a lack of demand for workers. Fifty percent of small business owners said it was harder to hire in the third quarter of 2022 than it was a year ago, according to a recent CNBC/SurveyMonkey Small Business Survey.
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While some companies have slowed the pace of hiring due to concerns about an economic slowdown, the demand from small businesses for new workers has not yet shown signs of declining, Paychex CEO Marty Mucci said.
"We're still not really seeing any strong recessionary measures here for small business," Mucci said on CNBC's "Squawk Box" on Tuesday.
Hiring at U.S. small businesses with fewer than 50 employees has slowed for five straight months, according to data from Paychex and IHS Markit , but Mucci said that has more to do with a lack of applicants than a reflection of small businesses pulling back.
"For small businesses, the toughest thing is they have the demand, and they have the need for workers — they just have a little bit harder time finding it," he said.
That is counter to what is happening at some larger companies. In August, private payrolls grew by 132,000, a drop from the 268,000 gain seen in July, according to ADP's monthly payroll report .
ADP chief economist Nela Richardson told CNBC that the data "suggests a shift toward a more conservative pace of hiring, possibly as companies try to decipher the economy's conflicting signals."
"We could be at an inflection point, from super-charged job gains to something more normal," she added.
But the ADP data showed that while companies with 500 or more employees grew by 54,000 and medium-sized businesses added 53,000, those with fewer than 50 employees saw a 25,000 gain.
Mucci said that there are small businesses that are feeling the "inflationary pressure of wages."
Hourly earnings on average were $30.71 in August, up $1.51 from the same month last year, according to Paychex. Hourly earnings were up 5.18 % in the month, matching a record set in May dating back to 2011.
The difficulty of both finding workers and having to pay higher wages could lead to a continued slowing of hiring activity, Mucci said, adding that "both of these things are going to slow [hiring] down a bit."
Fifty percent of small business owners said it was harder to hire in the third quarter of 2022 than it was a year ago, according to a recent CNBC/SurveyMonkey Small Business Survey , while 28% say they have open roles they haven't been able to fill for at least three months. While those figures are relatively unchanged from previous quarters, it highlights the difficulty around hiring that many small business owners are facing.
There were 11.24 million job openings in July, with openings outnumbering available workers by nearly a 2-to-1 margin, according to the Job Openings and Labor Turnover Survey .
Friday's August nonfarm payrolls release from the Bureau of Labor Statistics is expected to further the view that hiring demand remains high.
That labor crunch has forced many small businesses to reduce hours or close on certain days, Mucci said. However, he noted there are record numbers of workers with at least two jobs, according to federal labor data. In July, there were 433,000 workers with two full-time jobs, compared to 401,000 in July 2021, according to data from the U.S. Bureau of Labor Statistics .
"A lot of people are looking for a second job, and hopefully small businesses will be the positive recipient of that," he said.
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July 20, 2022 / 7:49 PM
/ CBS News
Five months since the baby formula crisis began, parents like Julie Morgan are still desperate. Morgan's 8-month-old daughter, Taytum, is lactose intolerant and needs hypoallergenic formula, which is still hard to find.
"It's almost impossible today," Morgan told CBS News.
Morgan did not think the shortage would last this long.
"I thought I was in the clear because I had like two months' supply," she said.
On Wednesday, the Food and Drug Administration touted progress in addressing the crisis, but the latest data shows nearly one-third of powdered formula products are still out of stock nationwide, according to market research company IRI. Four companies are responsible for supplying about 90% of domestic baby formula in the U.S.
The FDA also announced an external review into the agency's handling of the crisis.
"We're working 24/7 on this to make sure that we have adequate supply," FDA Commissioner Robert Califf said.
Under Operation Fly Formula, the U.S. has called on international companies to send tens of millions of cans of baby formula. Health & Human Services Secretary Xavier Becerra said it recently cleared the way to give those suppliers a permanent place in the U.S. market.
"We also want to change the policy here," Becerra said. "The industry allowed themselves to be short and we can't afford that, especially with specialty formula."
The shortage began when one of the major U.S. suppliers, Abbott, closed its largest plant in February due to contamination. The Michigan facility is back up and running , but it could be at least two months before families get the relief they need to keep their children fed.
Sarah Chamberlin's daughter, Izzy, has a rare disorder and relies on specialty formula for 70% of her nutrition. She said it has also been a scramble to find formula.
"We have less formula than we did two months ago," Chamberlin told CBS News.
Meg Oliver is a correspondent for CBS News based in New York City.
First published on July 20, 2022 / 7:49 PM
© 2022 CBS Interactive Inc. All Rights Reserved.
Copyright ©2022 CBS Interactive Inc. All rights reserved.
Home / David , The Release / We’re Still Desperate
By David | 2020-10-15T10:14:49-04:00 October 8th, 2020 | David , The Release | 0 Comments
Release into Oblivion: Error 404 – Song not Found
Release into Oblivion: Error 404 – Song not Found
Live Through This: the re-release
Live Through This: the re-release
In the documentary The Decline of Western Civilization (1981), we see X going from playing a small concert venue to living in a small domestic space where they give each other stick and poke tattoos. Lead singer Exene is lying on the floor as she speaks to the camera. This band looks they live in a film. They even share similar moody and aesthetic qualities. Film grain and black leather. Bright spotlights and hallowing vocals. X is not a hardcore band, but, in the documentary, they occupy the same space as Germs, Black Flag, Circle Jerks, and FEAR. Early production in Punk/Hardcore is a DIY approach that uses the equipment and technology you have at your disposal. It does not mean going out and spending a lot of money to get the latest and greatest thing on the market. You are broke. If you want to use a piece of technology and do not have it, you collaborate with friends to pool resources. To me, this is something embedded in the ideals of DIY. Inner Ear Studios created a community through recording D.C. bands that would not have found space otherwise. SST Records did the same by releasing artists on their label.
We are now more connected than ever, thanks to the internet and technology such as smartphones. However, most of the initial utopian potential for connectivity and collaboration among users was strip-mined by social media companies like Facebook/Instagram and big tech companies like Google & Amazon/Twitch.tv/IMBb/Whole Foods. They want your data, and they want to sell you things at breakneck same day speeds. Unless you are a big pop star or have a blue checkmark next to your username, you are a nobody. Without followers, how are you supposed to release your next big record? The internet in 2020 is dominated by conspiracy theories/misinformation, and I would argue it is now more isolating than ever. Bands still rely on connectivity to fans at live shows. Flyers are still made today, although probably less frequently. There are sites like DatPiff (2005), Soundcloud (2007), and Bandcamp (2008) that do generate quite a bit of traffic and create space for new artists to be discovered. However, there is difficulty in standing out as a musical group because these sites are now widely statured.
[Verse 1]
I play too hard when I ought to go to sleep
They pick on me ’cause I really got the beat
Some people give me the creeps
Every other week, I need a new address
Landlord, landlord, landlord, clean up the mess
Our whole fucking life is a wreck
[Chorus]
We’re desperate, get used to it
We’re desperate, get used to it
We’re desperate, get used to it
We’re desperate, get used to it, it’s kiss or kill
[Verse 2]
Coca-Cola and a Motorola kitchen
Naugahyde and a tie-dye t-shirt
Last night, everything broke
[Chorus]
We’re desperate, get used to it
We’re desperate, get used to it
We’re desperate, get used to it
We’re desperate, get used to it, it’s kiss or kill
[Verse 3]
I play too hard when I ought to go to sleep
They pick on me ’cause I really got the beat
Some people give me the creeps
Every other week, I need a new address
Landlord, landlord, landlord, clean up the mess
Our whole fucking life is a wreck
[Chorus]
We’re desperate, get used to it
We’re desperate, get used to it
We’re desperate, get used to it
We’re desperate, get used to it, it’s kiss or kill
X performing We’re Desperate in the 1981 documentary The Decline of Western Civilization by Penelope Spheeris.
Banner (paint & bedsheets) found in a park, 2020.
We’re still desperate. Since the beginning of COVID-19, the demand for rent striking or canceling rent has been met with inaction and ambivalence from politicians and landlords alike. $15 an hour won’t pay the rent in cities like New York. Art reflects the times and the experience of its makers. To me, hardcore is so aggressive in part because the artists themselves are met with aggression, so they try to match that. At what point though does that completely erode the ability to comprehend anything but aggression? How do we as a society maintain a Bad Brains level of PMA?
I do not know how to properly release a song, let alone an album in 2020, without the help of social media. I stopped using social media as a personal choice. If I had to release and promote X’s We’re Desperate , I would do several things, but it is hard to say if they would be effective. If I had a little extra cash, I would make t-shirts with the help of my screen printer friend. T-shirts are arguably more popular than ever if they were less popular during the early Hardcore scene. Bands wear other bands t-shirts all the time now (including Hardcore bands). A t-shirt is a de facto way to tell the people on the street how you are feeling which could be seen as a bit too on the nose politically. Bands still make patches to be worn on work jackets. Stickers are still huge in a street art context.
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To disseminate audiovisual content, I want to stick to what I love, making something to put in someone else’s hands, such as a VHS tape. With my AV equipment, I hand dub VHS tapes from digital video or Super 8. Both of which I have done for my performance art practice. I would liken this idea to something similar to pressing a 7” record. Which is something that I would say the bands do less of in 2020. Tapes and 12” s are still entirely viable options for those with some budget. Regardless of my views on social media or the internet, I would have to consider digital dissemination. For this, I often use the Internet Archive / archive.org to upload digital content. Over the years, I have built a list of emails to send out digital download links. Much like in the pre-internet era in person, human contact is still necessary for me to experience or make a connection that feels meaningful.
Make your own FREE SPEECH ZONE t-shirt!
We’re Desperate is on X’s second studio album Wild Gift (1981) Slash Records one year before FEAR’s The Record on the same label. According to Discogs , the song was originally released as a B-side on the 7” Adult Books (1978) Dangerhouse. The album cover features a harsh bright light from above shining onto wrapping paper covering a box stack. On top of the boxes are 3D metallic red and gold letters spelling X WILD GIFT in a triangular arrangement. The whole colorful bright image pops out at the viewer. With this image in mind, I pulled an image from a digital scan of super 8 film that I made last year with my partner. There is confetti all over the floor of my apartment. A bright spotlight shining on the edge of the frame makes all the confetti colors sparkle. Some purple high heels are stepping into the foreground with the words X WE’RE DESPERATE arranged in the same triangular pattern.
The cover of X’s second studio album Wild Gift, 1981. Copyright X.
Image created/edited by David I. Griess. Camera Operator Elizabeth Lamb, 2019-2020.
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