Landry’s CEO and Houston Rockets owner Tilman Fertitta on Tuesday slammed President Joe Biden’s American Rescue Plan for extending enhanced unemployment benefits. According to Fertitta, businesses across the nation are struggling to hire people because some unemployed people don’t want a job.
The hospitality executive stated his businesses in Texas, thanks to the economy reopening, are up 2% in revenue compared to the same time in April of 2019. The problem, however, is he’s struggling to hire employees.
“… what we’re all fighting, of course, is there’s [sic] no employees out there, and now you’ve got the new American Jobs Act for the infrastructure that is going to make the labor market even tougher,” Fertitta told CNBC anchor Tyler Mathisen. “What’s amazing, Tyler, is our average wage for non-tipped employees is $14.50 an hour. Our problem [is we’re] running at 6% to 7% unemployment. That 6% to 7% doesn’t want a job. You can get a job in any industry you