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A Goldman Sachs survey released Tuesday showed that most small businesses are concerned about inflation, and many have raised their prices due to increasing costs.
The survey found that 48% of small businesses raised the prices of their goods and services due to inflation, according to a survey by Goldman Sachs. Fully 82% of small business owners are concerned about inflation, and 83% have increased their operating costs in the past few months, the survey found.
The small business owners surveyed reported having trouble finding qualified candidates to fit roles in their company. Sixty-two percent of people surveyed cited a limited labor supply, 58% say the generous unemployment benefits, and 46% say high labor costs as the main reasons why they can’t find candidates for their company.