Higher wages are fantastic for workers. But small businesses are struggling to keep up
CNN
Wages are going up. That's great news for workers. But some smaller companies may struggle to absorb higher labor costs.
The Russell 2000 (RUT), an index of small cap American firms, has fallen about 2.5% in the past month while the Dow and S&P 500, home to giants such as Apple (AAPL), Nike (NKE) and Walmart (WMT), are each up more than 2%.More Related News
After recent burglaries at homes of professional athletes – including Kansas City Chiefs stars Patrick Mahomes and Travis Kelce – the NFL and NBA have issued security memos to teams and players warning that “organized and skilled groups” are increasingly targeting players’ residences for such crimes.