Worker Shortage Might Be Excellent News For The Economy

A worker shortage might be excellent news for the economy! Maybe, just maybe, firms will awake and see workers’ substantial contribution to their success. Some CEOs take unconscionable sums and destroy their firm’s value, unlike many frontline workers who create value. During the pandemic, CEOs took vast sums as they laid-off workers. Some firms sought bankruptcy protection, but hat didn’t stop their greedy CEOs from snatching hefty bonuses.

We have a worker shortage and firms are scrambling to hire whomever is willing. Some firms, like McDonalds have paid signing bonuses. Canada’s Loblaw and its competitors paid a bonus to frontline workers when the pandemic began. They stopped it after three months in unison with their competitors. When government confronted them about this collusion, they claimed it happened independently. Go figure! It’s like you caught your three-year-old with her hand in the cookie jar and she said, Mom, “Cookie Monster did it!”

Worker Shortage Inevitable With Shoddy Treatment

Loblaw’s behavior disturbs me. During the bonus period, profits soared. Per se, that’s no problem. I favor firms making profits. To be sure, I am against government taxing profits. But paying workers the bonus during the pandemic shouldn’t hinge on profits. It was just right. Meanwhile, my wife and I shopped at a Loblaw store and workers continued their excellent service despite Loblaw’s slight.

Leaders must realize frontline workers are the firm’s foundation and treat them well, not as cogs turning out CEOs bonuses! When employers treat workers like machines, they disengage. Gallup said, over several decades, they and other researchers found a strong link between employees’ workplace engagement and the company’s overall performance. Yet employers refuse to accept this. But there is good news: surveys show some firms break the mold and treat workers with respect: Cisco, Apple, Accenture, IBM, FedEx are a few.

Next Quarter’s Earnings Drives Businesses

Companies see next quarter as the prize, so they exploit workers and fudge next quarter’s numbers. I repeat: I am against government taxing business. However, I favor the Biden Build Back Better provision to tax share buybacks that the House passed, and it is before the Senate, even if it might have only a modest effect on share buybacks. Companies shouldn’t be spending billions buying back shares while exploiting workers.

Firms should present to shareholder meetings options to use buyback funds. Choices might include effects of paying bonuses to frontline workers with buyback funds. Shareholders should hear about potential strategic investments, too. Another option is stopping buy-backs for five years after layoffs. Executives, too, shouldn’t get bonuses within five years of layoffs. We must get rid of worker exploitation that enhances CEO bonuses.

The Business Roundtable Stakeholder Capitalism Disappeared

The Business Round Table (BRT) had a revelation in 2019 and decided maximizing shareholder value is not a corporation’s sole purpose. That metrics from the 1980s is wrong, it said. I wrote then that the BRT “… came up with lovely platitudes about looking after stakeholders and quickly ditched it and returned to their greedy practices… ” They continued to move away from those bromides during the pandemic.

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Season two of ‘Central Park’ debuts March 4 on Apple TV+

Apple today announced that “Central Park,” the critically acclaimed, hit animated musical comedy series, will return with eight all-new episodes on Friday, March 4 on Apple TV+.

The second season of “Central Park” will debut globally Friday, March 4th, exclusively on Apple TV+.
The second season of “Central Park” will debut globally Friday, March 4th, exclusively on Apple TV+.
From creator, writer and executive producer Loren Bouchard, Josh Gad and Nora Smith, the second season of the series will debut three new episodes on March 4, followed by one new episode weekly every Friday thereafter through April 8, 2022.

“Central Park” stars a renowned voice cast that includes Josh Gad, Leslie Odom Jr., Daveed Diggs, Emmy Raver-Lampman, Kathryn Hahn, Tituss Burgess and Stanley Tucci. New guest stars featured this season include Aparna Nancherla, Billy Porter, Catherine O’Hara, Ellie Kemper and Naomi Ekperigin.

In a first look at the second half of the new season, revealed today, Josh Gad and Rory O’Malley reunite for a catchy musical number called “You are the Music.” The song is written by Kristen Anderson-Lopez and Robert Lopez, and also features Tituss Burgess and Emmy Raver-Lampman.

As season two of “Central Park” unfolds with eight new episodes, the Tillerman family continues to navigate living in and caring for the world’s most famous park. Molly experiences the trials and tribulations of adolescence, Cole is challenged by a truly embarrassing moment at school, Paige continues to chase down the Mayor’s corruption story, and Owen juggles managing the park, his staff, and his family all with a smile on his face. Meanwhile, Bitsy inches ever closer to her sinister goal of claiming Central Park as her own; with Helen by her side, eternally wondering whether she’s made it into Bitsy’s will. Every step of the way, we are guided along by our friendly, fumbling, fiddler narrator, Birdie.

The complete first season and the first half of the second season of “Central Park” are now streaming on Apple TV+. Since its global debut, the series has been recognized with Emmy Award nominations for stars Leslie Odom Jr., Tituss Burgess and Stanley Tucci, and an NAACP Image Awards nomination in the Outstanding Animated Series category.

“Central Park” is written and executive produced by Loren Bouchard, alongside Josh Gad and Nora Smith. Steven Davis and Kelvin Yu serve as showrunners and also executive produce. The series is produced for Apple by 20th Television Animation, a part of Disney Television Studios.

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