Struggling Small Business Owners Feeling The Squeeze Amid Soaring Inflation

Many small businesses raised their wages to attract workers, adding to the economic crunch of staying in business. CBS2's Meg Baker reports.

[elizabitty]

Save every penny you can, cut back where you can, freeze meals, make your own coffee at home, tough times ahead
Think twice before buying that luxury item or ordering Uber eats for the 3rd time in one week
😢

[joeykang]

Hey, we're "building back better"😂🤣

[andough]

Before there was inflation, commercial real estate drove businesses to the brink of existence. The pandemic and inflation broke the backs of the businesses fortunate enough to survive the insane increase in commercial real estate prices. There's a reason stores shuttered in NYC in the midst of some of the best economic growth during the mid 2010s.

[chrisv.]

Its recovering from the mandates and the pandemic but all business that complied deserve to go out of business no one should ever give them business again let them close shop !!!!

[daryoushsameyah]

And how did these business owners, their employees, and their staff and family members vote?
Enjoy what you all voted for!

[brucelee]

100 % depression coming later this year. It will make the great depression look like mickey mouse 🐭

[danger]

If your coffee sells for $4.50 that's too much profit

[sct]

No one needs expensive hair products, Ma'am. Drugstore Pantene is plenty good enough. People squeezed by inflation will not be spending their dollars stupidly. Buy food, pay rent, electricity, gas, commuting cost. Everything else can wait.

[ruthsantiago]

Veneyork, Cuba York, china York but is no more new York

[thomasmaroti]

You want to be successful, hire a successful businessman, like Pres. Trump.