Retail Sales Defy Projections, Layoffs Up, and CA Raises Minimum Wage in Healthcare Industry

If people are impacted by inflation, they aren’t showing it because retails sales were up in September, bettering expectations. Gene Marks says financial institutions are changing their forecasts and the holiday season might be a good one for businesses. Despite the rosy numbers there, layoffs continue in tech and the financial fields, but Gene sees this as a plus for the talent pool for smaller businesses. There will be extra money in the pockets of employees in the healthcare industry in California as a new law puts the minimum wage at $25 an hour, but it’s going to hurt businesses. Listen to the podcast.

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