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Jacobs & Company, LLP

2161 Palm Beach Lakes Boulevard, Suite #450

West Palm Beach, FL 33409


Phone: 561-615-8585

Fax:     561-615-8888


Website: www.jacobsandcompanyCPA.com

December 2021

December 2021 Short Bits

Short Bits

In a recent Gallup poll, 60% of US adults said they could not get a product they wanted last summer because of shortages, and 57% said they’d experienced significant delays in receiving the product they ordered. Over 80% of those surveyed experienced considerable price increases. These scarcities and delays are primarily caused by labor shortages and difficulty securing raw materials.

The US Small Business Administration recently awarded $2.7 million in grants to women-owned businesses impacted by the COVID-19 pandemic. Grants of up to $200,000 were given to 14 organizations to help inspire active female entrepreneurs across the country and aid women-owned businesses in expanding their products and services to meet the changing post-pandemic economy.

According to the US Bureau of Labor Statistics, America’s workforce has changed a lot in 40 years, and it’s getting older. Between 1979 and 2019, the fraction of the workforce that’s 65 years or older increased from three percent to seven percent, partly due to longer lifespans and a decrease in physically demanding jobs. And there are fewer teenagers in the workforce today. They made up about eight percent of workers in 1979 compared to only three percent in 2019.

Scotland joined Iceland, New Zealand and Japan in a trial run of four-day workweeks to boost employee productivity and happiness. Workers won’t see a pay cut for the decreased hours thanks to $13.8 million in governmental funding. Results from Iceland’s shortened workweek implemented in 2015 show that over 80% of workers reported a better work-life balance.


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