going back to school are looking for a higher paying job. some are using the opportunity to switch careers altogether, or restaurants and retailers aren't. the only step was getting hit airlines or even canceling flights because they simply can't keep up with the new demand. and it's not just here in the states. the british airline pilots association has called for more help and clear guidelines from the u. k. government regarding a vacation and navigating the exit from the pandemic, the dots ovarian gave way to recent travel restrictions. those guidelines have caused flight cancellations, which in turn have led to job losses. brian stockton spokesperson for british pilots questions. the government's judgment, testable, the government hasn't published any of the science. it's hard to global task force is looking at this house and implemented its recommendations in the country loc, portugal on the green list, and they take it all government seems to be doing co t on whether people can have summer holidays and visit friends with families abroad . and as some workers are citing childcare as a reason,

they're not going back to work. the buying administration is now offering more child tax credit. it's all part of the one point. 9 trillion dollar cronum virus relief package through tax credit and food assistance and housing assistance and health care coverage and direct checks the american rescue plan. and here's the general. the american rescue plan will lift half of americas children out of poverty. the administration is banking on 15000000000 for child care fighting claims, be able make it easier for people to return to work. however, the a does not require any proof of these parents going back into the workforce. as many continued to stay home, some employers are offering more incentives, everything from free food to pay college courses. some stores have increased starting positions to $15.00 an hour, including target best buy and k, jeweler's. amazon is offering signing bonuses as high as $1000.00 to new employees . and as it stands,

killers have twice as many job openings as they did one year ago. the only time will tell if these incentives will be enough to get people back to work. post panoramic reporting for new shoes, hughes and archie. joining us to discuss the labor shortage and the effect it is having. and the overall economic recovery is texture. stephen hayes and professor of economics. richard, well, thanks for joining me now. and i've got a point i've given, hey, you've got a book right now. you're the author of the signature or when capitalism fails to save us from panoramic or itself, that would be a professor. well, thanks for joining. i want to make sure i get that done and there use the credit for being the author on. so professor, once since i, since i leave with you, i got to ask for someone who would have told me a year ago that today will be trying to push people to go back to work. i would have watched them because i remember a year ago we were all going, we just want our jobs. we were worried about whether they were going to be there and how long they could last with us being at home. so why do you feel like the people are not going back to the jobs they had prepared to make?

and in your opinion, is this a bad thing? well, i think it's part of how our system works. i like to put in a word for the workers. here's what happened. they lost their jobs, millions and millions of them. the employers lost the profits that those workers would have generated. had they been employed. now those employers want to make up for all that they loss. they didn't ship quietly by. they want workers to come back under conditions that are not as good as the jobs were in the past. for wages that couldn't begin to help these workers overcome what the panoramic amber, economic crash cost them. so you have a clash between what workers need and want and in my judgement are and what employers need and want to report the profits that they regret. having lost this is a clash, it's not a labor shortage, it's not a capital shortage. it's a consequence of

a system that is squeezing both of these players. and each of them is trying to take advantage of the other. but we always know that the employer has the bulk of the wealth and the resources to do better in this kind of struggle. and i think that's what's going on, professor, or actually went to the task. and at one point you made there about this class between the businesses. but 1st let me bring and steven and ask him, you know, the long term effect of this. because if you don't have people working, you're a tax attorney, then you don't have people actually paying taxes into the system. how could this potentially affect you? think municipal budgets are schools or police are in government programs like social security down the road? well, it's going to have a big effect. however, a lot of the spending that these workers are able to do is because there's been enough benefits just like vice president harris said being given to them. so there's a lot of money being spent. there's a lot of sales taxes being taken in which you've got a real systemic problem and i think the pressures right?

but i think maybe the solution is not going to be what most workers want to hear. i think you're going to have everything driven more and more to using more productive ways to replace workers. you're going to have fewer and fewer jobs. you know, you can offer people $15.00 an hour that used to be in nevada. that used to be the amount you had to have is a minimum and i get them to come back to work because for many of them, they cannot replace the benefits they're getting when everything is taken into account with $15.00 an hour. so there's no economic incentive for them and their families to go to work. but i do believe it's going to start having a long term effect of driving jobs away. well, you're going to see a lot of companies trying to get work that overseas of things that were being done here exactly the opposite of what we need in our country because they don't have some of the same standards that i think american workers have come to expect and

deserve, but professor wolf, i want to bring this back to, you know, we can separate. we know this week that jeff face as new numbers of come out and he made billions on certain days. or there is the big companies, the wal mart. suppose the state open, they definitely actually turn a really nice profit during all this bars. i'm not concerned about them. i think that's a different conversation. i'm concerned about the small business owners and yes, you and i can talk about how, what workers deserve. but some of these small business owners can barely stay in business as it is right now. so what is the healthy balance right there? i mean, you can say you have to raise the wages they deserve more pay. but what if they can be small business owners can barely keep their doors open as it is where they were at. i agree with what you're saying. i agree with the contradiction and the conflict between working people on the one hand and small businesses. i value small businesses. i think most americans do. but here's what i resent portraying this issue as if it's an either or if we want to have workers pay decently,

which i think most of us do. and if we want to preserve small businesses, which i think most of us do, there is a solution. give the small businesses the support, the assistance, the government breaks, the tax breaks so that they can afford to pay workers decently. and go to the big businesses who have made out like bandits even during this pandemic. and begin to take the wealth from them, impacts asian. so we have the society, we want the page workers reasonably and protection supports small businesses. and you know, in this case, i think you do make a lot of sense. and the problem is, we're asking the politicians whose lobbyists are mainly hired, not by the small businesses, but by the big corporations to actually overhaul their tax system. and i don't think that's going to happen. you know, unfortunately that's how washington d. c has worked in the past, stephen. that being said,

the overall cost of living is going up at incredibly fast paced and bills have to be paid. i agree and in assistance in giving the small business, i believe it actually changing the law so they can get the tax breaks. they need not the checks being printed out to cover like what we've had to do this past year . that stephen, on this case, you know, is there going to be a place that where people say, you know what, i have to go back to some job because the government basically has stopped using their government printer to print to check to pay my bills. are we going to see and how long down the road do you think that could be where you've got 25 states that are stopping the federal assistance to unemployment, which is going to bring a lot of house. so it's down to where they're going to need to go to work to supplement their income. about $4000000.00 workers are going to be effective. starting in june must have done it. so you're going to see a push for at least some of those people that go back to work. the ones that can afford it, by what i mean is from childcare. if they can handle the child's, are going to go back to work. but there's going to be a time, in my opinion,

and that's what's wrong with a lot of these ideas. we're going to benefit from the rich companies and put it down because rich companies. yes, there is a gap basis, but rich companies are primarily oh, not by jeff basins, but by all of us in our, for one case in our and even the professors retirement account is probably invested in many of these companies. if you increase their cost, you're going to reduce the value of those assets. so it's not a simple solution. it's not an equal b, therefore it must be a and b c. it's actually got lots of factors. you're going to have more inflation, the more you print money right now. you've got the highest inflation we've had in years. people say it's temporary. i don't know about that. you've got a situation where things are going to cost more, if for no other reason than they can't make enough of them. if you can't get workers to come in and print products, you're going to have

a shortage of supply. what does that mean? that means what is up 6 times over the last 2 years. that means that lots of production is not happening. that would help keep prices stabilized. it's a very complicated problem, not saying that professor doesn't understand that. i think we have to look at it right. that is not just the new maintain of money. we've got to find real solution . all right, give me one minute for the professor to respond. i think i agree with you. i think we should make these companies take care about what they pay their executives and a whole lot of other things they do that could protect those who invested their you know, retirement money in these companies. we don't have to take what's given to us by the decisions of the tiny minority of our people that run these big corporations. they keep calling the shots, they release the information we're all supposed to use. and i think they're

laughing all the way to the bank as we struggle with the complexity when there is something we ought to have been doing for a long time, that they be dated. whether it's their taxes or their social responsibility. and i think even more and more of them are recognizing that the kind of mano, focus on their profit ability over recent years, is leading them into a very dangerous dead end. but it doesn't matter what they realize. it's actually people responsible for them are the ones that i think are the ones that are actually laughing at that point and that would be the politicians. here's what we're going to talk about when we return to reg. gentleman, thanks for joining me on this conversation. thank you very much. so as i mentioned when we return to those calling for immigration policy reform use the current labor shortage to push through a comprehensive immigration reform plan. it all comes back to d. c. this could actually bring in workers legally to do the job. americans might not want to do anymore. burn fraud sack will share with you what she has found out . ah,

doing the breathing technique and then take a pool in the hill. i don't know where it goes to to bring that. i mean the very the range they were just diamond fields rec, tomorrow day of the judge in green, a vision. she gave me this binding of the nest need budget yet about in the target. but i, again, jack and jones, i died, i might have to go to the

deal, but the most the most difficult to find the back of natalie. there are 410 days right on the bank of guns based water chemical lives and has are, this is going to develop a new to me and there is no market know that these industries that polluting your debt simply ignore in one days that happened mother and when we loved them other than the admins, we love the the, the something that costs right on police report on december 2020,

a group of angie finishes, fill out a film crew access for 3 months people, organization. it's an idea that must be opposed that channel out the gate route. they make their faces, but they can say what they believe and we believe and help our community. we believe that fascism is one of the major threats to the united states has gotten proven. this is a chance to see who and teeth are really in order for me to exercise my 1st amendment right and say that my life matter. i have to be onto the teacher that we can't trust the police. we can't trust the government. we can't trust anyone except ourselves to protect ourselves in the united states slowly but surely is returning to normal. after covered 19, now, many assumed americans would rush back to work, but the labor market is telling a different story. now americans are not going back to work and it could put the

economy in jeopardy. so what's the problem? and moreover, how does the u. s. government, post politicians plan to fix it? our foreign front jack looked into this and tells us about a really bold move by the united states chamber of commerce. a move that some might say might be a little bit too late. considering we have been dealing with this pandemic for over 14 months. and what's interesting is all this is coming about right now. so it seems like i was the politicians and those organizations that are used to like the politicians, are realizing that they have a problem on their hands. here comes faren project with the latest and everything go on with the chamber of commerce. it's been a who's to blame game and america's labor shortage crisis. republicans say it's expanded unemployment benefits. democrats say wages and salaries are too low and both agree. it can also be hard to find child care, but there's one more reason they all are missing. do not come.

do not come. the united states will continue to enforce laws and secure our border. there are legal methods by which migration can and should occur. weeks ago, vice president comma le harris was adamant that immigrants try to cross the border or enter the u. s. should stay where they are. but immigrants, specifically skilled immigrants, or what american needs. now more than ever. here we are in an empty dining room and normally for lunch, we would be open and serve in a couple 100 guest mac k own sea food restaurants and a c food distribution operation. a 3rd of his staff are seasonal. these a workers with visas are backed up in the approval process. stemming from covert 19 has tried, but come up short and hiring american workers this year because of our staff

shortage. both with us workers but also workers from overseas. we've, we can't pill the demand. the us immigration agency annually issues 85000 h one b visas and just last week alone, immigration received 300000 petitions. currently we have a little bit over 100 people right now. so we're struggling to keep up with the demand of business. now the u. s. chamber of commerce is asking the u. s. government to double the number of h one, b visas, and employment green cards along with getting rid of country caps for green cards to bring back those skilled workers. the chamber of commerce calling the campaign america works. as we continue this recovery. we're going to hit some bumps along the way course. that'll happen. we can't remove the world's largest economy, like flipping nice light switch. the industries hardest hit because of the halt and

approving visas. besides restaurants, hotels, and all things hospitality. you also of camp counselors for children were more than 20. $5000.00 of them are foreign workers. you have construction manufacturing and all things building. long haul trucking to make sure your prime deliveries are there in 2 days, and a major shortage with skilled workers and engineering and computing. they're going to be ups and downs in jobs and economic reports, but we're going to be a supply chain issues and price pressures on the way back to stem stability and steady growth. the federal government issued an additional $22000.00 foreign worker visas, all ready to help fill jobs, and even gave out $11000.00 more after that. all now claimed, begging the question, well, this push the bided administration to reopen america's borders for news views. hughes, i'm fair in france back. joining us out of discuss it ned ryan, sea of american majority. net thanks for joining us on this. you know,

i got the idea of the show the show last week, when i took a group of my daughter's friends to waffle house 11 pm traditional, what else are going to do in the summer? and they had to close their dining room because they had only one person to work the entire night shift. other friends of mine are closing their businesses monday and tuesday because they don't want to put a strain on the staff that they do have. why is this happening when those same jobs were filled, pre pandemic? well, it's a, it's a preserve perverse incentive structure. scotty, when we're saying $630.00 for a week for unemployment benefits. i mean, that's more than twice the minimum wage. i mean, in washington state, it's gone up to unemployment benefits average out to be about $28.00 an hour. so we're incentivizing people to not work because they can make more money by not working. and at some point, obviously, the american rescue. american rescue act is going to end september 6. i think half the states have already tried to in those benefits. i think the rest are going to let it expire september 6th. i think you're gonna see millions start to come back

to the workforce when those those incredible unemployment benefits stop happening. and they're gonna realize we have to go back to work. i think it's same time. i think the market is gonna kind of work its way out where i think small businesses are going to realize we might have to pay a few extra dollars. i thought you pull lay now going to start some people at $18.00. now of course, the consumer is going to get to pay 4 percent more for a burrito. and so i think you're going to see some of these, these, these incentives go away. and maybe even some of a trade off where people are going to have to pay a little bit more people coming to the workforce for a little bit higher wage. net. i want to get our friend over smith, who is a ceo of transformative research getting tobin can add a view of this conversation so that we have the full view. is immigration for me, answer to bring in this much needed labor. do you think and industry like agriculture and hospitality, or is it going to more to devise americans to stay at home and take their job 1st? because don't do any agriculture work. they don't do any back of the kitchen work,

but 560000 people were deported this year. who do those jobs? so yeah, we're gonna have to do something. i mean, you know, the other thing people don't requite realize is that a lot of these jobs people have left. we have, you know, almost 7000000 people who've left service jobs about only 3000000. i'm a come back. and one of the reasons is scotty, i don't know if you have friends in a restaurant business, but my restaurant friends tell me that their people hate working at the restaurant because people have been getting them so badly. and now they have a manufacturing jobs at the $22.00 to $23.00 an hour. that maybe they didn't think were so hot. now they're looking at those jobs and they're taking those jobs. and now manufacturing has needs another 2 and a half 1000000. so, you know, part of this is sort of a blessing in disguise for people who are working in business, where people treated them not very nicely. well, and i do think that we almost have like a re polite lesson for all of america. we've all been kind of this year and that's across the board. anyway. ned, you know, i gotta look at this point. there were small businesses,

those are the ones i'm really worried about in which they're being impacted by this labor shortage. you know, are they about to start becoming the best advocate for foreign workers just because they need someone to help them keep their doors open? i don't think so, scotty and, and the reason i say i think a lot of them making this calculation that by september, that temporary labor shortage might stop. again we'll, we'll see how this plays out in a couple months. and again, i don't think it is humorous to me that the buy and ministration of course, is using this temporary labor shortage to push and the chamber of commerce to push for more immigration. never let a crisis go to waste, but i don't think you're gonna see them advocating for a short term solution for long term consequences. i don't see that happening, but that's i think i'll be, it says, can't afford visa permit. i mean, anybody's ever gone to that process or been friends with someone, it's very expensive from that side. but i do have to make this political because i do believe this is being used in politics. tell the biden is actually claim and it's major victory. and the job market as last month,

559000 jobs were added. do you think victory for the bottom ministration or says to be expected considering shuts out bad this past year has been on the labor force that'll victory lack to say. yeah, you know, i mean if you're going to, thanks somebody want, you thank the people who gotten themselves vaccinated because at the end of the day, the places are struggling. the most have these boneheads who have some idea that they're going to, they're going to die if they get back to a nation. and so they're having more problems, more issues. number one, number 2, we can thank the fed because the fed, whether you believe it or not, you know, i have kept the money tap, hold them so much that people are, we have a wealth of fact. and in a wealth of bread, people spend more money and they go out, they do other things other than sit home and watch television any popcorn. but yeah, biden is sort of the premature victory. the real victory is going to be when we got 94000000 people. well, 160000000 people in the workforce. we still have 9 and a half 1000000 who are not. and the biggest issue is we have somebody that have

dropped out. and that's only going to be sold at higher wages. and that means we're going to have higher wages and your breed is going to cost you $0.25 more. ok. well they buy it, ned. 22nd for your response. no, i think there is going to be that market shake out where people get up just then we might have to pay a little bit more people are coming back for higher wages. at the same time, scotty, we do have to work out where the tax structure actually is working for more of the small businesses, instead of this corporate tax structure that benefits the corporation. so i think we've got to go back and again, you pointed that out. there's an incentive structure from politicians not to touch that issue. we've got to figure that one out well and hopefully figure something out. thank you gentlemen, for joining me. hopefully that wasn't too much of a labor for you and that's all the time we ever did. a show, like always, we want to provide you the information, the 360 view, so you can make your own opinion on the conversations of the day. we will see you catch you later and see you tomorrow. i

will say on the show is taking in you've got global hash war, it's like all countries are now competing to accumulate the most bitcoin as part of the game theory that's built into the incentive stack. that is the magic of bitcoin and was unpredictable who exactly would take the 1st step and we had talked about possibly japan, possibly iran, possibly. russia turns out that now salvador is taking the 1st step toward a big point, standard, making bitcoin legal, tendered, lose responding. will be necessarily need, but you didn't have the value, but i again gagging john's island. this died. i'm ready to go. so the deal but the most the most

difficult to find the but there are $410.00 days right. on the bank of the work done based water chemical lives and has are, this is going to develop a new to mon, their international market, know that these industries polluting you simply ignore it in one days that mother and when we loved them, other than that means we lost the in the ah, doing the breathing technique and then take a pool in the hill. and

i don't know where it goes out, live judas, bridge that need to be a dime a field trip tomorrow. the judge in green is a vision, should always be polite, never engage with an aggravated or confrontational office. don't get into any conversation to start answering questions. just ask for an attorney to survive and interrogation. you've gotta be ready to step out. definitely don't want to be going to trial in the jump suit, one cups. you're more likely to walk free. if you're rich and guilty,

you are, if you're poor and you got 2 eyes and 2 ears and one mouth. so you should be seeing and hearing a whole lot more than you're saying if you don't take that advice, usually going to dig yourself a whole the circular police 30 for good news. he better than the remain russell, but i hope so. but over the, over the book really just sooner the sort of thing is the motion learning a lot of stories going on in the course. procure, mrs. mr. bob rhodes. i position me. we think he might be

a soldier because of the boot. she's wearing your twitched up. took a puzzle. was the young on this you're still watching the priest in buffalo. i don't think the cops right on police report and you all have in december 2020 a group of and she finishes fill out a film crew access for 3 months. 3rd row like people, organization. it's an idea that must be opposed that channel out the gate route. they make their faces, but they can say what they believe and we believe in helping our community. we believe that fascism is one of the major threats to the united states has gotten proven. this is a chance to see who and teeth are really are in order for me. my 1st amendment

rights and say that my life matter. i have to be onto the pieces that we can't trust the police. we can't trust the government. we can't trust anyone except ourselves to protect ourselves in the headlines this thursday, russia wants of severe consequences if its territorial waters violated in response to an incident with the u. k. war ship in the black sea and demik increases the number of millionaires by 5000000 as the gap between rich and poll widens even further. meantime in our next headline, awarding that was disturbing image. residence of rage among residents in northern parish and after a 2 year old boy and his mother assaulted by a drug addict, official sanction drug use in a nearby area. they created a kind of ghetto, a drug addict, ghetto, with you. i.