| Vaccine mandate delay? |
The American Trucking Associations (ATA) is set to meet today with White House officials at the Office of Management and Budget (OMB) for discussions on President Biden's vaccine mandate. The order, which would require businesses with 100 or more employees to ensure they are vaccinated against COVID or tested weekly for the virus, is estimated to cover two-thirds of the private sector. The Occupational Safety and Health Administration delivered its final rule to the OMB on Oct. 12, and the mandate is expected to take effect soon after the agency completes its review.
What they're saying: The ATA is warning that many drivers will likely quit rather than get vaccinated, further disrupting the supply chain at a time when the industry is short 80K drivers. Specifically, the association estimates that 37% of drivers could be lost through retirements, resignations and workers switching to smaller companies not covered by the requirements. Others, like Goldman Sachs, feel the mandate would actually boost employment by reducing COVID transmission and mitigating health risks.
Over the past few weeks, the Office of Management and Budget held dozens of meetings with labor unions, industry lobbyists and private individuals as the Biden administration conducts its final review. Today's meeting at the White House will include dentists, staffing companies and realtors, among others. The Retail Industry Leaders Association has already cautioned that the mandate could trigger staffing problems ahead of the holiday season, while the National Retail Federation and U.S. Chamber of Commerce are asking to delay its implementation until January at the earliest.
Statistics: 30% of unvaccinated workers said they would leave their jobs rather than comply with a jab or testing mandate, according to vaccine data analysis firm KFF. Another 56% said they would get tested weekly, while 12% said they would get the shot. The industry concerns come after a record 4.3M workers quit their jobs in August, the highest turnover in 20 years.