market has already moved on, despite higher inflation numbers numbers right now after a low year, market has priced in inflation not being an issue... for now. Inflation was so low last year the fed was trying to get it up a bit more.
The term thrown around right now is "transitory" like I said before. Although we will see in 6 months.
Whoever mentioned shrinkflation is right, they are cutting out dope bro! noticed that on a lot of my hygiene products
10 year bond yield down today and stocks back up across the board, positive sentiment for da summah baybay
As far as how we can help small businesses?
Maybe if healthcare wasn't a racket where insurance companies can fuck us and place the burden on businesses and individuals the small businesses would have higher margins. Healthcare should never be tied to employment. Some 1800s wage slave bullsh!t. We have enough money for standardized healthcare and it would save us money in less than 10 years. Combine that with a healthier workforce = better employment numbers.
"The researchers found that the economic models that were supported by left-leaning funders or that were done by academics found slightly larger net savings. But analyses supported by more conservative funders or performed outside of academia still predicted single-payer systems would yield savings.
“This means that across the political spectrum, there is near consensus among these economists that a single-payer system would save money,” said Christopher Cai, a third-year medical student at UCSF and the study’s first author. “Replacing private insurance with a public system is essential to achieving these savings.”
source:
https://www.ucsf.edu/news/2020/01/416416/single-payer-systems-likely-save-money-us-analysis-finds
Raising the wage on restaurant workers has a very small impact in overall costs for the products.
Prices are up, but that hasn’t stopped people from eating out.
www.marketwatch.com
By Lina Moe, James Parrott, and Yannet Lathrop
"This is the first assessment of restaurant employment and earnings over the entire period of New York City’s historic minimum wage increases, 2013-18. Contrary to fears of massive job losses, $20 Big Macs, and shuttered restaurants, we found a thriving industry.
The New York State minimum wage rose in phases from $7.25 an hour at the end of 2013 to $13.50 during 2018. During this period, New York City has seen a strong economic expansion of the restaurant industry, outpacing national growth in employment, annual wages, and the number of both limited- and full-service restaurant establishments. The restaurant industry has the highest proportion of workers affected by the minimum wage of any major industry.
Compared to 12 large cities around the country that did not have any minimum wage increases from 2013-18, New York City’s restaurants generally have seen stronger job growth. New York City’s experience is consistent with the latest research focusing on the food services industry in large cities where there have been large minimum wage increases—no negative employment effects and sizable average wage gains for restaurant workers.
This report does not suggest that New York City’s sharp minimum wage increase caused restaurant employment to soar—the more rapid restaurant employment gains likely are due to the city’s faster private job growth. But the research presented here clearly shows that the large wage floor rise did not diminish various indicators of restaurant performance, including job growth.
New York’s rising minimum wage has tremendously benefitted low-wage workers, including those in both the full-service and limited-service categories. New York City workers in the lowest-paid three deciles of the wage distribution had inflation-adjusted wage gains of 8.5 to 15 percent since 2013 (the largest wage gains for these workers in the last 50 years). Wage gains among restaurant workers have been even stronger, with 2013-18 real wage increases averaging 15-23 percent for full-service and 26-30 percent for limited-service restaurant workers. "
-Source:
http://www.centernyc.org/new-york-citys-15-minimum-wage