The lack of workers for low-wage jobs is impacting farms, some of which are now trying to fill in the labor gaps by hiring high school workers looking for summer jobs. While the problem of short-handed farms pre-dates the current labor shortage, farms are now having to compete with other industries suffering from labor shortages.
In 2020, we saw significant changes in consumer spending behavior, particularly as it relates to household savings and online shopping, that could carry on in the post-pandemic environment.
While digital capabilities are becoming an increasingly important expectation for convenience and value, consumers still acknowledge the importance of having an agent.
The Nationwide Economics team shared information about the current landscape and insights, followed by a Q&A.
Recent data shows growth accelerated sharply in the second quarter led by a surge in consumer demand upon fuller reopening of in-person activities. But there are supply constraints across the economy as workplaces and businesses adjust to the post-pandemic environment that are limiting the expansion in certain sectors.
Farmland values, drought impacts and other agriculture news highlights.
