• Marketplace
  • Resources
  • Business Directory
  • Events
  • Advertise
  • Brand Pulse
  • Publish a Press Release
  • Get the Newsletter
  • Contact
  • About Us
The FUTURE OF WORK® since 2003
Allwork.Space
No Result
View All Result
Subscribe
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
No Result
View All Result
Subscribe
Allwork.Space
No Result
View All Result
Advertisements
Workspaces Run Better On UltraSoftBIS
Home News Workforce

Labor Shortages and Inflation Fueling Small Business Pessimism

Survey finds that 92% of small businesses that are hiring revealed they have few or no qualified applicants for the open positions.

Dominic CatacorabyDominic Catacora
July 28, 2023
in Workforce
Reading Time: 2 mins read
A A
Labor Shortages and Inflation Fueling Small Business Pessimism

More stories for you

The Future Of Online Work Is At Risk — Is This Creator Economy Prepared For The Fallout?

The Future Of Online Work Is At Risk — Is This Creator Economy Prepared For The Fallout?

2 days ago
Running Out Of Space Virtual Offices Can Grow Your Coworking Revenue Without Expanding

Running Out Of Space? Virtual Offices Can Grow Your Coworking Revenue Without Expanding

4 days ago
IWG Expands In Budapest With Two New Flexible Office Locations

IWG Expands In Budapest With Two New Flexible Office Locations

1 week ago
ClassPass And WeWork Partner To Provide New On Demand Access to Workplace And Wellness Offerings

ClassPass And WeWork Partner To Provide New On Demand Access to Workplace And Wellness Offerings

1 week ago

What’s going on:     

According to a survey by the National Federation of Independent Business (NFIB), small business optimism has reached its lowest point since March 2021, according to Furniture Today. Despite a slight increase in optimism in June, it remains below average for the 18th consecutive month.   

This is largely due to the challenge small business owners face when filling open positions. It’s reported that 92% of small businesses that are hiring have few or no qualified applicants for the open positions. 

Advertisements
Maximize Flexible Space Revenue

Another significant concern is inflation, which is prompting businesses to raise their selling prices — especially in the retail sector. 

Why it matters:   

Despite job creation, small businesses face critical labor shortage issues and are feeling the impact of inflation on their day-to-day operations. These economic factors are collectively contributing to the diminishing optimism among small business owners and might have greater impacts on the economy as a whole.  

Advertisements
Nexudus - Tech Stack Lovers

How it’ll impact the future:    

The labor shortage means small businesses may need to offer more competitive benefits and wages to attract and retain talent. This could be done by reshaping employment packages and work conditions. However, there is the risk of financial stress on small businesses due to inflation rates. Both factors may prompt businesses to rethink their pricing strategies, and potentially their entire business models. 

Source: Furniture Today
Tags: Business
Share5Tweet3Share1
Dominic Catacora

Dominic Catacora

Dominic Catacora is a Staff Writer for Allwork.space. He is based in Pittsburgh, PA. He graduated from Radford University in 2017 with a Bachelor of Science degree in Media Studies - Journalism. He has previously covered the Historic Triangle as a journalist living in Williamsburg, Va, and is now focused on writing related to the future of work.

Other Stories Recommended For You

The Future Of Online Work Is At Risk — Is This Creator Economy Prepared For The Fallout?
Workforce

The Future Of Online Work Is At Risk — Is This Creator Economy Prepared For The Fallout?

byEmma Ascott
2 days ago

Senator Mike Lee's bill to ban pornography could impact hundreds of thousands of workers.

Read more
Running Out Of Space Virtual Offices Can Grow Your Coworking Revenue Without Expanding

Running Out Of Space? Virtual Offices Can Grow Your Coworking Revenue Without Expanding

4 days ago
IWG Expands In Budapest With Two New Flexible Office Locations

IWG Expands In Budapest With Two New Flexible Office Locations

1 week ago
ClassPass And WeWork Partner To Provide New On Demand Access to Workplace And Wellness Offerings

ClassPass And WeWork Partner To Provide New On Demand Access to Workplace And Wellness Offerings

1 week ago
Advertisements
Yardi Kube automates flex and coworking operations
Advertisements
Workspaces Run Better On UltraSoftBIS

Unlock your competitive edge in tomorrow's workplace.

Join a community of forward-thinking professionals who get exclusive access to the latest news, trends, and innovations that are shaping the future of work.

©2024 Allwork.Space News Corporation. All Rights Reserved.

Exploring the Future Of Work® since 2003.

Advertise   Newsletters   Privacy Policy   Terms Of Use   About Us   Contact   Submit a Press Release   Brand Pulse   Podcast   Events   

No Result
View All Result
  • Home
  • Latest News
  • Topics
    • Business
    • Leadership
    • Work-life
    • Workforce
    • Career Growth
    • Design
    • Tech
    • Coworking
    • Marketing
    • CRE
  • Podcast
  • Events
  • About Us
  • Solutions
    • Advertise | Media Kit
    • Publish a Press Release
    • Brand Pulse
Subscribe

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00