Life in Australia has just about returned to normal after the pandemic, but businesses are still finding it hard to find workers—particularly the restaurant industry. But his trick is simple and old school. The businessman printed and distributed 42,000 postcards in his area calling “Baby boomers to re-enter the workforce.”
Inflation rises again. In July, inflation jumped to over 10 percent, another 40-year-high, as food and energy prices continued to soar. Farmers are losing crops amid severe labour shortages, wasting tens of millions of pounds worth of food. And growers are preparing for more losses next year. The head of the Royal Air Force’s recruitment […]
U.S. shale oil producers are returning to existing wells to try to boost oil supply in the United States. Re-fracking old wells can give a quick increase in output with smaller an investment than a new well. NTD spoke with Tom McNulty, president of TJ McNulty and Company, an energy industry consultancy, about the U.S. oil industry.
Orders of robots increased 40 percent in the first quarter of 2022, amid soaring inflation and labor shortages, according to a new report by the robotics industry’s trade group, the Association for Advancing Automation (A3). According to the report, which was first cited by The Wall Street Journal, orders for workplace robots in North America rose […]
For the first time since 2018, the Federal Reserve raised its benchmark interest rate by 25 basis points. How is the rate increase going to affect the economy and businesses? Where is the U.S. economy headed? NTD Business host Paul Greaney talked to Jim Iuorio, managing director of TJM Institutional Services.
So we have the great resignation. There are also pandemic-era limits on legal immigration which a UC Davis study found means 2 million fewer workers. And we have other factors keeping Americans out of the workforce, like the virus itself or mandates. So last week, I asked outsourcing expert and CEO of Everest Group Peter […]
To overcome the labor shortage, some companies are rushing to add robots to assembly lines. One trade association says there were more added in the first nine months of the year than the previous record set before the pandemic.
