Current Event Impacts on Businesses

Host of Paychex THRIVE, Gene Marks is talking with Dr. Adam Ozimek, Chief Economist for the Economic Innovation Group. Hear what they had to say about some key current event trends, including the impact of high-skilled vs. low-skilled immigration, what the future may hold for non-compete clauses and what that could mean for employers, and what the tough labor market can tell us about today’s economy. Tune in to find out more.

Topics Include:

00:00 – Welcome, Adam Ozimek 00:39 – The Economic Innovation Group 02:19 – The complexities business owners face 03:30 – High-skilled immigration policy 05:52 – Immigration and exporting educational services 08:13 – Highly-skilled workers impact on international relations 09:27 – High-skill immigration legislation 11:26 – The topic of low-skilled immigrants 13:05 – Policy challenges of low-skilled immigration 14:54 – Non-compete clauses in employment contracts 18:21 – Why the backlash to possible ban on non-competes 20:13 – How value of non-compete clauses to employers 21:31 – Why do we have so many unfilled jobs? 23:24 – The sign of an unhealthy economy 25:00 – The pandemic’s impact on the labor market 27:14 – Wrap up

Looking for ways to set your business apart in a tight labor market? Read more here www.paychex.com/worx/webinar/attracting-and-retaining-talent-ways-to-help-your-business.

DISCLAIMER: The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.