PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

CNBC: Despite Record High Confidence Main Street Businesses Can’t Find They Workers They Need

By at 14 June, 2018, 6:03 pm

A labor shortage issue is increasingly weighing on small businesses around the country.

● In May, one-third of small-business owners reported job openings they could not fill, and 12 percent reported using temporary workers.

● This comes despite record-high confidence on Main Street.

In this June 14 CNBC piece, reporter Kate Rogers explores the challenges many small business owners are facing in a growing economy – a lack of workers they need to operate and grow their businesses.

SBE Council member Mike Fredrich, founder of MCM Composites in Manitowoc, Wisconsin, talked about the issue with CNBC:

“These tools are heated to 300 degrees,” he said. “But we’re not running them. Had we had the people for the first shift, we could have been running this all day. But we don’t, so they sit here heated, ready to go, with no action.”

Fredrich said the business has gone to extremes to try to find the 15 additional employees it needs. But he’s had little success.

“There are no workers, but there’s a huge demand. The economy has picked up, but the market is so thin, that we just can’t find them. We’ve gone to extraordinary means to find people that will actually work, including going to the local county jail and recruiting people to work from inside the jail,” Fredrich said.

SBE Council chief economist Raymond Keating was also interviewed for the piece, which can be read in its entirety here.

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