Inflation Rising, Monthly Hourly Earnings Decreasing, and Auditing Social Policies

THRIVE, a Paychex Business Podcast · Feb 20, 2025 · 7m

The prices of goods and energy keep increasing, hitting 3% in January – the highest in seven months – and everyone is wondering when will the cost of eggs go down. Gene Marks points to some factors impacting inflation and expresses some concern that the monthly hourly wage growth, as reported in the Paychex Small Business Employment Watch, is at 2.87%, meaning wages aren’t keeping up with inflation. He also says that with all the changing regulations around DEI at the federal and state level, businesses should review their social and governance policies to ensure they are up to date. Listen…