Twenty-three states raised their minimum wage on Jan. 1. Low-wage workers have already seen healthy pay gains in the tight job market. Plus, the “sneaky practice” of shrinkflation.
Private-sector wages are up about 5% over the past year. But gains guaranteed by government can’t be lost during an economic downturn.
U.S. Citizenship and Immigration Services is funded mostly by these fees, which it hasn’t raised since 2016.
Part of the reason: Social media platforms like TikTok are changing the way we shop online.
Shrinkflation means getting less product for the same price, and it’s not going away anytime soon.
The labor market is still pretty tight, but the smallest businesses are more vulnerable to an economic downturn.
Residents see Mandeville as a model for other at-risk communities.