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Reading Labor Issues
Mead echoes Tobin's concerns. "Finding and retaining enough labor in a tight labor market has been a challenge. The wages are being driven up to hire new people, and companies have had to become very creative in attracting new people," he says. "Retention has become more of an issue since competing retailers and manufacturing concerns in other sectors are competing for entry-level labor. One can purchase new equipment, but without labor to support the added output, it would be of little help."