Newsline

Newsline , Society

Inflation Ranks Highest Among Small Business Concerns Since 1981

Posted on Tuesday, January 18, 2022
|
by Outside Contributor
|
8 Comments
Inflation

In NFIB Small Business Optimism Survey, businesses report struggling with record inflation, supply chain disruptions, finding workers

Small business owners are struggling to manage their businesses and hire workers due to Bidenflation, the December Small Business Optimism (NFIB) Survey showed.

Business owners remain pessimistic about future economic conditions too – optimism has declined 23 points over the past six months as small businesses brace for tax hikes and higher inflation due to President Biden’s tax-and-spending binge.

  • Facing the highest inflation in 40 years, almost a quarter of small businesses agreed that inflation is the biggest problem in operating their business–the highest inflation has ranked since 1981. Two-thirds of businesses have had to pass costs onto consumers in higher selling prices due to Bidenflation.
  • A third of small business owners report that President Biden’s supply chain disruptions have impacted their business significantly.
  • Half of small businesses reported job openings they were not able to fill.

CLICK HERE to read the full report.

KEY TAKEAWAYS:

Bidenflation is crushing America’s working families and small businesses.

  • The American people ranked concerns about inflation at a record high for the second month in a row in the December Survey of Consumer Expectations.
  • The November Producer Price Index (PPI) showed a record number of small businesses being forced to consider price increases, which are passed onto consumers.

READ: Price-mageddon: Historically High Number of Small Businesses Forced to Raise Prices

Democrats’ trillions in spending has devastated our recovery.

  • Job creators are struggling to retain workers. The Job Opening and Labor Turnover Survey (JOLTS) reported that a record 4.5 million workers left their jobs in November.
  • Democrats continue to push for policies in their next $5 trillion spending bill that hold back our recovery, raise taxes on job creators, and keep Americans from reconnecting with work. 

READ: Study: Biden’s Unemployment Bonus Held Back Economic Recovery

Share this article:
Subscribe
Notify of
guest
8 Comments
Most Voted
Newest Oldest
Inline Feedbacks
View all comments
David Millikan
David Millikan
2 years ago

Convention of States.

HocasPocas
HocasPocas
2 years ago

I happen to know a lot of people who are searching for employment but they are told by these so called employers that if you don’t have the shot they don’t want you to work for them. We also have a local hospital that has at least fourteen floors and they have people lying in the hallways but have no one working on floors above the fourth. Claim that they cannot afford to have those other floors in operation. What the hell is going on? Maybe they aren’t getting paid for positive Covid tests, patients hooked up to ventilators and Covid deaths reported anymore.

PaulE
PaulE
2 years ago

Well one of the big benefits of higher inflation for large companies is that it crushes their small business competition, who don’t have the means to weather prolonged periods of higher costs that drain the business. Things like having to pay excessively higher salaries to keep up with the big chains, higher transportation costs because of bad Democrat energy policy and overall inflated prices for everything essential to keeping a small business open is something the large companies can easily weather. Then when much of their small business competition has gone out of business, the larger companies simply pass on the higher costs to the consumer that has nowhere else to go. I guarantee you that companies like Walmart and Amazon, both big Democrat donors, are having a field day as they watch mom and pop small businesses across the country being put out of business by the higher costs due to inflation.

pete kennedy
pete kennedy
2 years ago

Inflation is definitely the biggest issue.
It causes an immediate impact on salary and an immediate impact on all of
“cost” items not under my control.

An older blonde women laughing in the kitchen with a grey haired man.
AMAC’s Medicare Advisory Service
The knowledge, guidance, and choices of coverage you’re looking for. The exceptional service you deserve.
The AMAC App on 3 different iPhone
Download the AMAC App
The AMAC App is the place to go for insightful news wherever you are and whenever you want.
Railroad worker with adjustable wrench on railway in spring in summer day
Vote here sign board placed near polling booth for showing direction to voters showing with copy space
Pro-life supporters holding a banner wlak in annual March for Life
Brandon Johnson for Chicago Campaign Logo with Woke stamp in red

Stay informed! Subscribe to our Daily Newsletter.

"*" indicates required fields

8
0
Would love your thoughts, please comment.x
()
x

Subscribe to AMAC Daily News and Games