As the economy continues to falter, Americans are continuing to start their own businesses. Many employers had been overworking and under paying their employees, and when COVID hit, those same employees realized they may be able to create their own business.
Many have recently taken the leap to create their business, which may be a contributing factor to worker shortages. Laziness could also be a contributing factor to shortages after the pandemic. Americans say they have been "earning more money than ever" through their own businesses.
These businesses have been creating new jobs and keep spurring on the economy despite the Fed pushing back with the increase in interest rate. We will see in the coming months if the Fed will be able to successfully slow down the economy, and how that will affect these new businesses.
https://www.cbsnews.com/news/americans-starting-new-businesses-burn-out-inflation/
It is interesting to think about how covid is still effecting our economy so much even today. It will also be interesting to see how many of these businesses will be able to stay open in this economic climate.
ReplyDeleteIt is a good thing to see more business coming about and creating more jobs for people after how hard covid was for small businesses. I wonder how long these businesses will be able to last and how they can grow over these upcoming years.
ReplyDeleteMore and more people are getting tired of working for others but also getting more creative. People are looking for ways to make their own money and creating a business is a way.
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