Labor shortages abound as economies reopen. Folks are hesitant to return to work as wages remain relatively stagnant, while on-the-job risks are higher during a pandemic.
In this segment from "The Five," recorded on Sept. 9, Fool.com contributor Parkev Tatevosian discusses why DoorDash (DASH -3.38%) is set to win as this battle for employees evolves.
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Parkev Tatevosian: Sure. Yeah, and Jason, the competition for employees is real. I mean, it seems like every quarterly statement I read and every conference call I read, management is talking about the difficulty of attracting workers and how they're having to increase incentives to get them on board. So one of the companies, I think, is poised to win this battle is DoorDash. In fact, DoorDash said it attracted a record number of new Dashers in its most recent quarter. I mean, that's impressive considering the difficulty businesses are having in attracting workers right now.
So dashers are contractors, not employees, so they can work as much or as little as they want. I mean, if they're getting burned out by too much work, take a day off. No one's going to deny your request. They can also set their own schedule. If you can't get affordable child care before 4:00 PM, no problem. You never have to work before 4:00 PM. I mean, compare that to the scheduling, and the rigorous supervision, and productivity requirements of a company like Amazon (NASDAQ: AMZN), it's no surprise that the Amazons of the world are having to shell out additional incentives to get people on board.