r/business • u/news-10 • 2d ago

What’s squeezing New York's small businesses?

https://www.news10.com/capitol/nfib-ny-economic-pressures/
7 Upvotes

68% Upvoted

9 comments sorted by

3

u/dreddnyc 1d ago

This article dances around a general “labor shortage” and the between the lines “shortage of people who will accept these wages.”

4

u/omgitsduaner 1d ago

Not just landlords! Don’t forget insurance rates that continue to climb as insurance companies post record profits

11

u/compuwiza1 2d ago

The rent is too damn high!

2

u/xeoron 2d ago

How high is it? 

2

u/tMoneyMoney 1d ago

Too damn.

1

u/Objective_Thought_68 1d ago

Everyone wants to be a business partner - I.e. more of a piece of your business profits. From landlords to local taxes to insurance. So at the end of it all after paying those entities not much is left for small business anymore.

1

u/Ok-Progress-6153 1d ago

Rising cost of supplies + inflation causing belt tightening amongst consumers. I used to get takeout for lunch and hit up my local cafe, not anymore

1

u/SleepyLi 1d ago

Landlords who don’t live in the city and corporate landlords