Multi-Unit Franchisee Magazine Issue IV, 2015 | Page 74

FranchiseMarketUpdate
BY DARRELL JOHNSON

The Numbers Are Clear
Franchising creates jobs and trains
unskilled and low-skilled workers

A

s we know, the unemployment
rate is quite low by historical
standards. We also know that
it hides a lot of information we
should understand about labor trends, so
I looked at the underlying Bureau of Labor Statistics (BLS) data. My conclusion,
from an economic perspective, is that the
sheer size of the available labor pool will
suppress unskilled wage rates well i