The latest in notary, Apostille, and business news from New York, NY.
As many employees have enjoyed commute-free workdays, less stress and better work-life balance, their employers have also benefited from remote work by paying lower wages than they otherwise might — preventing higher wages from feeding into a so-called wage-price inflationary spiral, the researchers said.
Read MoreThe acquisitions figure is less of a worry as it is still a gain of 14% year-on-year which indicates that a strong market is navigating the economic fluctuations well enough. The median sale price also seems quite a big drop-off, but it is still just 2% below last year’s median sale price of $320,000, according to data from the BizBuySell Insight Report which tracks and analyzes business-for-sale transactions as well as the sentiment of business owners, buyers, and brokers.
Read MoreA recession or economic downturn is a business owner’s worst scenario. As it might affect not only your personal finances but also threaten your business’ survival. The impact of a recession on your business at times can be hard to predict.
Read MoreAccording to the BLS, The index for all items less food and energy rose 4.9% over the last 12 months and for the energy index, the rise was a stunning 33.3% over the last year. The food index increased 6.1% over the year, which is hitting consumers especially hard when you combine it with energy components. On a monthly basis, the November price for final demand services rose 0.7% and for final demand goods, it increased 1.2%. The BLS reports these changes are the largest 12-month increases in at least 13 years in the respective series.
Read MoreInflation is caused by a number of factors, including supply chain issues driving up prices due to higher demand that can’t be met because of shortages, labor shortages triggering higher wages which usually is passed on to consumers in the form of higher prices for goods and services, and perhaps most importantly, runaway government spending putting huge amounts of dollars into circulation that requires an increased money supply from the Federal Reserve. Shortly before the spike in inflation in the past couple of months, I suggested 5 ways inflation could impact your business.
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