This store has been looking for workers. Unfortunately, it could not find people to hire. So, it has to close! I have never seen anything like this before: companies are folding because they cannot find workers. A Nigerian friend who runs a restaurant in Chicago has closed the business. Another who runs a healthcare company in Michigan, the same fate. Why? No workers to hire. McDonalds is even advertising at $22/hour despite years of arguing that paying $14 was not possible. Yet, even at $22/hr, people are not applying!
We can call it the after-effect of Covid-19 (people saved money while at home), massive US government stimulus, etc, but one thing is evident: the US is in an employee-market where opportunities are available for young people.
Of course, if you know how to make coffee very well, Starbucks will train you with 100% scholarship in a university.
Tekedia Mini-MBA edition 16 (Feb 10 – May 3, 2025) opens registrations; register today for early bird discounts.
Tekedia AI in Business Masterclass opens registrations here.
Join Tekedia Capital Syndicate and invest in Africa’s finest startups here.
As Nigeria begins the season of politicking for 2023, we need to do all necessary to elect people who can bring this economic miracle across our communities.
---
Register for Tekedia Mini-MBA (Feb 10 - May 3, 2025), and join Prof Ndubuisi Ekekwe and our global faculty; click here.