laborcosts
According to a new report from Babson College, last year, one-half of entrepreneurs said they chose to become entrepreneurs because they struggled to find employment. This was a 22% increase from 2019. Also, 54% of entrepreneurs and 43% of small business owners reported that along with COVID-19 came new business opportunities for them. The US Census Bureau reports that Americans filed paperwork to start 4.3 million businesses last year. This is a 24 percent increase from one year prior, and it is predicted that this pattern will continue in 2021. Q3 2021 hedge fund letters, conferences and mor...
ValueWalk
In hisDaily Market Notes report to investors, while commenting on the rising labor costs, Louis Navellier wrote: Q1 2021 hedge fund letters, conferences and more The Rising Labor CostsRising labor costs will likely push the overall consumer price index up in coming months. Since labor accounts for a much bigger percentage of the cost of producing goods and services than raw materials, this will raise inflation expectations among business owners. That’s one reason why 26% of small business owners raised their average selling prices in March, the highest since August 2008. Coming out of the deep...
ValueWalk
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