Analysts at the Bank of America said tariffs have raised prices for consumers.
They wrote in a note that consumers have covered about 50% to 70% of the cost of levies to date.
This suggests tariffs will continue to put “upward pressure” on inflation, they said.
The retail sector is running as lean as they possibly can ATM. Always have I suspect, but it seems extra tight right now. Nobody wants to pad the staff out in a wildly uncertain economy.
Tech seems the only sector getting hit with lay offs, and that’s down to gambling on AI.
If that were true, the Walton family, the Bezos family etc. wouldn’t be obscenely wealthy. There’s clearly margin there that they are hoarding.
I’m talking lean on staff, not profits.
Employee pay is far more than most think. Call it a little less than double your hourly wage, especially with modest benefits. That’s why they cut us at every opportunity.
CEO pay is change compared to axing employees. I could go on all night, but each employee has costs way above their hourly pay. SOURCE: Worked IT at a payroll firm, saw the numbers, taxes, etc. You make $15? You cost $30.
Want more money? Want higher stock prices? Axe the employees. We’re the top cost center in almost any business.