The Metro: Why the economy resembles the Covid era for many small businesses
Mark Lee talks inflation and small business struggles with The Metro’s Sam Corey.
What does today’s economy actually feel like for the people running small businesses in Michigan?
As the Iran war continues, gas prices hit a weekly average of $4.88 in Metro Detroit. The average price of diesel is $2 more than that.
The stock market is strong, but inflation is at least 1% higher than the federal reserve’s target. And the U.S. is in a trade war with Canada.
This hasn’t caused a recession. But all of this does make it harder for small businesses to operate, like the corner bar on your street, and the auto repair shop in your suburb.
Mark Lee runs The Lee Group, where he’s been advising small businesses in this region for nearly 20 years. He explored answers to these questions with The Metro’s Sam Corey
Hear the full conversation using the media player above.
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