Wages and Prices Are Up, but It Isn't a Spiral Yet
Mar 11, 2022 by
girlFriday was featured in the Wall Street Journal!
Even in the most labor-intensive industries, businesses often face a delicate balance between passing on wage costs and preserving market share. Andreea Pfeifer, owner of girlFriday, a high-end cleaning service in Chicago, started raising wages in May to retain and recruit employees as demand boomed. Squeezed margins prompted her to increase he...
Even in the most labor-intensive industries, businesses often face a delicate balance between passing on wage costs and preserving market share. Andreea Pfeifer, owner of girlFriday, a high-end cleaning service in Chicago, started raising wages in May to retain and recruit employees as demand boomed. Squeezed margins prompted her to increase he...