There has never been a better time to show your employees that you appreciate them. In our previous article, 9 Critical Strategies to Attract and Retain New Workers, we mentioned that the U.S. economy has been improving, which has opened up a whole new set of problems such as labor shortages and skill deficits in the country. What can you do to keep your current workforce and prevent them from jumping ship?

A dearth of workers is slowing our recovery from the economic devastation wrought by COVID-19. Overly large unemployment insurance checks, an expanded welfare state and immigration restrictions have reduced the supply of willing workers. There are 9.2 million job openings nationwide and 9.3 million people unemployed. As a result, employers are hiking prices faster than wages and the economy is recovering at a slower pace than it should. Expanding legal immigration is one way to help.

2021 marks the 100th anniversary of the Chinese Communist Party and China is celebrating. Since Deng Xiaoping began economic reforms and opening up China in 1978, the country has lifted 800 million people out of poverty, according to the World Bank, and become the world’s second largest economy after the United States. But today, the direction of China's reform process is unclear, it doesn't always play by long-established international trade rules, and it's presenting new challenges. How should the United States respond?

I'm a nationally syndicated columnist, author of several books and a speaker on global business, labor, and economic trends. I'm also a beneficiary, not a victim, of dyslexia, a learning disability characterized by reading, writing and decoding difficulties. Why do I say beneficiary? Read on.

Relations between the world’s two most important nations have descended to frigid coexistence if not outright cold war. There are increasing possibilities of a military as well as political clash, with potentially catastrophic consequences. read more...

If you can't find workers, you're not alone. At each keynote speech I give, I ask the audience to raise their hands if it's difficult to hire new employees. Just about everyone raises their hand. I then ask if they have trouble retaining them. Again, nearly everyone raises their hand.

The unveiling of the American Jobs Plan has sparked conversation about what the Biden administration can do for U.S. workers. This is a step in the right direction. However, because this legislation is more fundamentally about infrastructure and new jobs, the question of what the government can do for current low-income workers in particular is still an open one.

Monetary policy can only do so much: it cannot permanently increase the wealth of a nation. That is the lesson from economic history. In the short run, the Fed can affect real variables like output and employment by expansionary monetary policy, but trying to use monetary stimulus as the primary vehicle to move the economy forward is an invitation for price inflation in the longer run.

The business of international trade has become extremely complicated. Due to Covid-19, global supply chain disruptions have become commonplace, especially in China. And even when the risks associated with the pandemic end, the risks associated with supply chains won't.

Most Americans, former President Donald Trump, and now the Joe Biden administration, all view China as the greatest geopolitical threat to the United States. Avril D. Haines, Biden’s new director of national intelligence, recently said last month “When it comes to espionage, [the Chinese] are an adversary.” And the recent sentencing for conspiracy to steal trade secrets and wire fraud of Chinese‐born husband and wife team Li Chen and Yu Zhou seems to, at least on the surface, justify this fear.