CT Business Industry Survey Shows A Shortage In Labor Workforce

A major economic summit was held in Hartford on Friday. The Connecticut Business and Industry Association has released new survey results showing that most companies are unable to find workers.

The survey shows that a third say the state is too expensive. What will two men vying for governor do?

Deb Gearty’s company, Ritz Inc., supplies furniture to hospitals and universities.

He said state leaders should focus on addressing the high costs of health care and workforce development.

“It doesn’t matter if it’s college or business,” Gerty said.

A new CBIA survey prepared by Marcum, a group of business consultants, was released at the annual summit. AABC President Chris DiPentima said of the poll: “It really covers the state’s economy at a critical time.”

About 4,000 managers were interviewed. Most of them suffer from labor shortages, business expenses and supply chain disruptions.

The survey also revealed:

85% suffer from labor shortages
89% of the cost of doing business increases
83% affected by supply chain disruptions
High prices and the high cost of living are the main concerns. The next priorities for the governor are tax cuts, spending and pension reform.

Other survey data shows:

56% price increase due to inflation
33% living expenses for employees
24% tax credit
22% public spending and pension reforms
Bob Stefanovski, the Republican candidate for governor, told a crowd of 300: “You are the shareholders of the state of Connecticut.” He wants to pay off his unemployment insurance debt and exempt the company from taxes.

Governor Ned Lamont pays interest only.

Stefanovski says that even if it’s $ 400 million, we should use it for this. “If we do that, we will get more profits from small businesses,” he said.

Stefanovski will cut taxes, including sales, fuel and food, and relax the rules, using half of the $ 6 billion emergency fund to do so. He says the state spent another $ 4 billion under Lamont.

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Lamont responded by saying that “the salaries of civil servants have risen less than the rate of inflation. Do you want me to cancel preschool or preschool? “

Lamont has decided to pay off the debt and invest millions in training the workforce.

“I need more people in the job market. I need fewer people to sit on the sidelines, ”Lamont said.

Lamont is promoting efficient transportation, more childcare, and a $ 5,000 tax credit for those helping employees with student loan debt.

In the latest polls, Lamont is hitting double digits.

Stefanovski doesn’t believe it. “Our surveys show that the margin of error is between 3 and 4,” he said.

Lamont replied: “I’m in the election and I’m in the election.”

Lamont says his $ 650 million tax cut, as well as new online gambling and marijuana revenue are important.

They both have jobs. Neither had a solution to the labor shortage problem.

John Cafasso, director of Colliers International, said none of the candidates have made any commitments. “It will be decided when the verdict is pronounced.”

A positive point in the survey: 68% of companies said they made a profit last year and are looking forward to the next six months.

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