A new Biden mandate would further disrupt supply chains, creating new hiring challenges and making logistics and supply chains more costly, the CEO of Raytheon said Monday.
Vice President Joe Biden signed an executive order Monday requiring that pediatric vaccines, including the varicella vaccine to prevent chickenpox, be required of all school-age children within five years.
Meanwhile, the Bureau of Labor Statistics reported that 2012 saw the most influx of job applicants since 2007, with 27.9 million people entering the workforce.
Raytheon CEO Tom Kennedy says the new mandate will create more demand for more workers and possibly labor conflicts, which could cost workers their jobs.
“What’s going to have an impact? There’s going to be job displacement, there’s going to be higher costs. There’s going to be higher costs in logistics. There’s going to be higher costs in the supply chain that we engage with both domestically and internationally,” Kennedy said Monday on Bloomberg TV.
This wouldn’t be the first time Kennedy has gotten into hot water for his comments about the job market and the cost of doing business in the Washington area.
In 2014, he said that the National Mall didn’t have the space to host a potential rally for President Obama in anticipation of his reelection, and that the Department of Defense “doesn’t have a private sector partner.”
Such comments didn’t sit well with local businesses, such as Blue Ridge Farms, the parent company of Top Pot, that applauded the Blue Ridge Farms statement, which criticized Kennedy’s hiring policies and drove him from a speaking engagement that year.
A few months later, at the Conservative Political Action Conference, Kennedy refused to pledge that Raytheon would find, hire and train all American workers, saying the company needed to be “responsible corporate citizens” to compete in the global economy.
“We’re about more than just satisfying the desires of the market, and I think our policies have to be about more than just satisfying the whims of our customers,” Kennedy said.