Business Update – September 22 2021

Even before the pandemic, some restaurant owners were challenging the model of paying servers only $2.13 an hour and depending on tips from customers to make them whole. Today, as restaurants and bars struggle to find enough workers to stay open, a few are making further changes to their business model. Some are raising wages and offering signing bonuses. Others are adding service charges to every bill, and others are…  Read more

Business Update – September 15 2021

The business community is sharply split by the announcement by the Biden administration of a plan that mandates COVID vaccinations or weekly testing. Some business leaders applaud the plan to keep the surge in COVID cases from hurting the economy, although smaller employers may find the mandate difficult to mandate. However, expanding testing may not be possible unless capacity is also significantly increased. Some business leaders disagree with the mandate…  Read more

Business Update – September 9 2021

Thanks to tight supply chains and logistics in the developed world, many people have grown accustomed to receiving whatever they ordered promptly and predictably. That era may be over, as shortages are likely to continue. Toyota will be slashing production of cars by 40% in the face of a continuing chip shortage. It may be another year – or two – before shortages in sectors from construction to medical testing…  Read more

Business Update – September 1 2021

While businesses have been mandating vaccines for employees for some time now, they are now beginning to take a harder line. Some, like Delta, are charging unvaccinated employees an extra $200 per month for health insurance, and some are firing unvaccinated employees. Companies that require employees to be vaccinated face several risks. First, the divisive nature of the covid vaccine may lead to workplace bullying or retaliation of unvaccinated employees…  Read more

Business Update – August 25 2021

The FDA has now granted Pfizer and BioNTech full approval of their COVID-19 vaccine for persons aged 16 and up. This means this vaccine has met the agency’s standards for safety, effectiveness, and manufacturing quality. This approval was based on close examination of six-months of follow-up which revealed no additional long-term safety concerns. This approval may now spur major companies to require employees to be vaccinated. Based on clinical studies,…  Read more

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