U.S Small Businesses Intend to Boost Wages: Paychex CEO

The video discusses the current state of job growth and wage trends, highlighting that while job growth is flat, wages are at their highest in years. Wage increases are now seen across all levels, not just minimum wage earners. The sustainability of these increases is linked to the demand for qualified workers. Sector-wise, leisure and hospitality see the most wage growth, with regional differences noted between the West and South. Small businesses face challenges in hiring and retaining workers, compounded by trade and tariff impacts. Despite these challenges, the economy shows signs of robustness with increased business investments.

What impact do trade and tariffs have on small businesses?

How is the economy described in terms of business investment?

What indicators suggest that the economy is robust?