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The Real Economy: November 2021

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Widespread labor shortages are hampering companies’ ability to capitalize on an economy that is expanding as the country recovers from a devastating pandemic. Companies will not experience a return to the way things were in the labor markets before the pandemic.

The retirement of baby boomers, lingering challenges associated with the pandemic and a “you only live once” philosophy among many younger workers are driving a structural shift in the labor market away from the conditions that prevailed since the 1980s.

Now employers are wooing workers with improved pay, flexible work arrangements, state-of-the-art technology and better employee treatment. And these changes are just the beginning of what is a significant shift in the American workforce.

Middle market firms across industries are finding themselves on the challenging end of the labor issue, as they try to ascertain how to navigate the shocks unleashed by the pandemic.

In this month’s The Real Economy economic outlook. we examine the impact of this transformation on middle market organizations. We also examine how $15 became the de facto minimum wage, the growing economic muscle of the Hispanic community in the United States and lessons for developers from the American Dream mega-mall.

Download the full November 2021 economic report.

IN THIS ISSUE

The American labor market, business and the post-pandemic economy

The American labor market, business and the post-pandemic economy

Widespread labor shortages are hampering companies’ ability to capitalize on an expanding economy as the country recovers from a pandemic.

How $15 an hour became the de facto minimum wage

How $15 an hour became the de facto minimum wage

The shock to the economy unleashed by the pandemic and the response by workers have radically transformed the wage-earning landscape.

Hispanic ascendant: challenges, opportunities and the real economy

Hispanic ascendant: challenges, opportunities and the real economy

National Hispanic Heritage Month offered a fitting time to examine the community’s contributions—economic and cultural—in the United States.

Lessons from the American dream mega-mall

Lessons from the American dream mega-mall

What happens when a real estate investor does not look at changing consumer preferences when undertaking a new project?

RSM ESG Special Report

RSM ESG Special Report

As social issues gain national prominence, the role of corporations around social imperatives has come to the fore.

RSM CONTRIBUTORS


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