Small Business Positions, Sales and Prices

Small Business Prices and Inflation

Another sign of inflation.  According to a survey out by Axios: 

Here’s a fresh snapshot of America’s small business recovery — in four charts — according to a closely watched survey out today.

  • Never before have so many small businesses reported unfilled jobs. In response, a record share are planning pay hikes to attract workers.
  • The percentage planning to raise their prices is the highest in almost 50 years: [I]nflation is squeezing profits … so firms are raising selling prices,” says Bill Dunkelberg, chief economist at the National Federation of Independent Business, the lobbying group that conducts the survey.

Why it matters: The same problems plague their giant counterparts, but Main Street has less of a buffer — not to mention fewer resources — to cope. 

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