A Consumer Price Index nearing 9% is forcing business owners into tough decisions.
“The most recent research pegs the risk over the next year as about one in three, and it will be touch and go in 2023.”
47% of consumers blame inflation for “eroding their living standards.”
Pessimism also surrounds short-term business prospects, with 24.9% expecting conditions to worsen.
Groceries are now a major category online, expected to top $85 billion in sales in 2022.
Despite ongoing labor shortages, retail jobs beat February 2020 levels by 104,000 employees.
“When you’ve got more money to spend, you do have the ability to influence things, and China will have that ability.”
One in four consumers are reducing their living standards amid inflation fears.
Workers hold more leverage in today’s job market, and they’re using it.
And for the most part, they’ll pass on higher costs to shoppers.
Higher prices on food, rent blamed on supply chain issues.
Supply-chain pressures ramping up as the holiday season approaches
A rebounding economy means more job openings in more sectors, and retail workers are taking advantage by seeking out less stressful jobs.
The number is up from two years ago. Are you handing out holiday bonuses this year? If so, you have lots of company, Employee Benefit News...
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