The hiring boom that was expected in April 2021 fizzled. Last Friday’s nonfarm payrolls report came in at 266,000 jobs gained compared to over a million expected. It was the biggest miss in decades. Politicians and many corporations were quick to provide a ready scapegoat for that failure. They blamed it on the weekly payments of $300 in federal unemployment aid through September 2021, on top of the regular unemployment benefits paid out by the states. In short, the fault apparently lies with the Biden Administration’s stimulus package. If the president and the Democrats had not provided these overly generous…
Insights & Advice
Tag: COVID-19 comeback
Stocks hit with possible tax hike
It was a losing week for stocks. Most of the blame can be pinned on a proposal by the Biden Administration to double the capital gains tax on investments. It is not official yet, but investors are counting on an announcement next week. Before you hit the sell button on all those huge capital gains you have accumulated over the last few years, know the facts. Right now, there aren’t any. What we do know is that Joe Biden ran his winning presidential campaign on increasing taxes on the rich and on corporations. He plans to do just that, so…
Your company’s comeback plan
Shutting down your business due to the COVID-19 pandemic was difficult; reactivating it will be even harder. There are ways to do it so that you can cut costs dramatically. However, if you fail to adjust to a new normal, word is going to get around that your place of business is unsafe and your competition could take your sales. You want to flip that script. Your customers will be demanding visible steps that you are protecting them and your employees. To reopen your business successfully, you must build trust by exhibiting hyper-hygiene, providing protective equipment — like masks and…