NFIB Weekly News

NFIB Weekly News Leading the News

Trump: “Looking Hard” Into $1T-$2T Bipartisan Infrastructure Plan. (05/07/2019)

The Hill (5/4, Axelrod) reported President Trump on Saturday tweeted, “There is nothing easy about a USA Infrastructure Plan, especially when our great Country has spent an astounding 7 trillion dollars in the Middle East over the last 19 years, but I am looking hard at a bipartisan plan of 1 to 2 trillion dollars. Badly needed!” The Hill noted that his tweet comes “days after Democratic congressional leaders said they reached an agreement with the president to seek a deal on a $2 trillion infrastructure bill.”

Business Climate

AP Analysis: Small Business Health “More Mixed Than Administration Says.” (05/07/2019)

In an AP (5/5) analysis, the article argued that despite former Administrator McMahon’s recent Fox News opinion piece, which “credited the administration’s policies for helping the economy and in turn, small companies,” US small businesses “are not...thriving en masse in direct response to Trump administration and Republican policies.” The article cited recent Bank of America, Wells Fargo, Capital One, the U.S. Chamber of Commerce and MetLife surveys, and they “show small business owners have been losing some of their optimism as doubts linger about the strength of the current economic expansion.”

Small Business Marketing

National Small Business Week Beginning This Week. (05/07/2019)

The AP (5/1, Rosenberg) reported that National Small Business Week, which will be held from May 5 to May 11, is the SBA event “ a showcase for its Small Business Person of the Year awards.” The article added that SBA officials “have long used Small Business Week events to tout the ways their policy has helped companies.”

Wages and Benefits

NYTimes Analysis: Slow Wage Growth Post-Recession Due To Numerous Factors. (05/07/2019)

The New York Times (5/2, Casselman) reported that long-awaited wage growth is “being fueled in part by recent minimum-wage increases in cities and states across the country.” Other factors included a “tightening labor market that is forcing employers to raise pay even for workers at the bottom of the earnings ladder.” However, “not everyone is benefiting equally,” as “African-American workers have seen smaller gains over the course of the recovery.” Economists have puzzled over why “the unemployment rate fell from 10 percent in 2009 to less than 5 percent in 2016” while “wages rose slowly” and are starting to theorize that the “job market wasn’t as good as the unemployment rate made it look.”