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Social Security's 2032 deadline puts a 22% cut on the table — but Washington has way less room to negotiate than 1983

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CEO of $20 billion AI firm Perplexity says the secret to success is ‘sleeping with that fear’ that your competitor will steal your idea

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Boomers actually do hold most of the wealth and power. So why do they call it 'whiny' to point that out?

1

Social Security's 2032 deadline puts a 22% cut on the table — but Washington has way less room to negotiate than 1983

2

CEO of $20 billion AI firm Perplexity says the secret to success is ‘sleeping with that fear’ that your competitor will steal your idea

3

Boomers actually do hold most of the wealth and power. So why do they call it 'whiny' to point that out?
HealthCOVID-19 vaccines

64% of small-business owners support a federal vaccine mandate

Megan Leonhardt
By
Megan Leonhardt
Megan Leonhardt
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Megan Leonhardt
By
Megan Leonhardt
Megan Leonhardt
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October 28, 2021, 8:00 AM ET

Nearly two-thirds of small-business owners, or 64%, support a federal mandate that would require companies with 100 or more employees to verify their workers are fully vaccinated or undergoing regular testing. 

That makes sense considering that the vast majority of the 500 small-business owners surveyed by MetLife and the U.S. Chamber of Commerce each employ fewer than 100 workers, meaning they won’t have to deal with the potential challenges posed by new federal mandates. Indeed, they may be able to leverage that as a strategic hiring advantage.

It’s a real concern for larger employers. Nearly nine out of 10 employers, or 87% of companies, in the packaged goods industry reported feeling concerned about challenges attracting talent or losing employees to employers that are not subject to vaccine requirements, according to a poll the Consumer Brands Association completed last week among its represented companies. Members include major brands such as the Clorox Co., General Mills, the J.M. Smucker Co., and PepsiCo. 

Among small-business owners, about 60% support companies in their area requiring proof of COVID-19 vaccination from their customers, the survey found. Currently, about 10% of small businesses require customers to show vaccine cards or proof of vaccination, up from 3% in June, the survey finds.

Last month, President Joe Biden called on the Occupational Safety and Health Administration to issue an emergency temporary standard that would require private businesses with at least 100 employees to put vaccine mandates in place and ensure unvaccinated workers undergo weekly COVID-19 testing. 

OSHA submitted the rule to the Office of Management and Budget earlier this month. Since then, administration officials have spent weeks meeting with employers, business groups, unions, and professionals to hear input before putting the mandate in place. Experts anticipate the rule will soon be public.

Fearful that a federal vaccine and testing mandate could disrupt operations and add to supply chain challenges, retail and business groups have asked the Biden administration to delay the requirements until after the holidays. 

Among small businesses, which could be covered under the rule if they have 100 or more employees, the retail sector is the most supportive of the proposal, according to the chamber’s survey. About 31% of workers in the retail sector are not vaccinated, according to the Harris poll’s COVID tracker survey, which asked over 2,100 workers from Sept. 24 through Sept. 26 about their vaccination status.

Retail was among the industries with the highest percentage of unvaccinated workers. Food services topped the list: 41% of those in this category—which includes restaurants, quick service, and catering—are not fully vaccinated, the highest rate of the sectors surveyed by Harris.

More health care and Big Pharma coverage from Fortune:

  • Foreign travelers to the U.S. will need to be vaccinated and present a negative COVID test before entering starting Nov. 8
  • Florida Gov. DeSantis offers $5,000 bonus to lure anti-vax police from out of state
  • Who is eligible for a Moderna booster?
  • Thera-who? These biotech firms are looking to push what’s possible with blood
  • 3 states limit nursing home profits in bid to improve care

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