r/business • u/news-10 • 1d ago

What’s squeezing New York's small businesses?

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

79% Upvoted

9 comments sorted by

3

u/dreddnyc 21h ago

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

13

u/compuwiza1 1d ago

The rent is too damn high!

2

u/xeoron 23h ago

How high is it? 

2

u/tMoneyMoney 19h ago

Too damn.

3

u/omgitsduaner 18h ago

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

1

u/Objective_Thought_68 8h 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 17m 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

0

u/SleepyLi 20h ago

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