Job Creators Network President Alfredo Ortiz cites in an article at The Hill that” the generally high inflation under President Joe Biden’s view is pushing small business to the brink.”
Ortiz writes:
On Wednesday, the state  , hit a sad step: Prices under President Biden , hit 20 percent. The economy’s value has plummeted under his view. The consumer price index is rising and growing more quickly than the regular wage, according to the Bureau of Labor Statistics. Combined with , poor GDP growth, this information shows the U. S. sector is reentering downturn.
Living standards are slipping, and there is a cost-of-living problems as a result of historical inflation. Under Biden’s president, food prices have increased by , almost one- third , and gasoline has  , risen by 50 pct. Every daily necessity, from a turkey sandwich to some handyman assistance, has increased by 50 % or more, according to the report.
[…]
The condition is mainly bad , for smaller businesses. ” Customers that used to come in every week now come in every three weeks” , , says Joe Germanotta, a New York restauranteur. This assertion is consistent with what small businesses across the country are saying. When people are faced , with$ 20 for a burger or$ 10 for dry cleaning, they choose to , eat , and do laundry at home instead.
Read the rest around.
