The Real Economy: March 2022
Rising inflation and the middle market
THE REAL ECONOMY |
Authored by RSM US LLP
Download The Real Economy: March 2022
Wage increases and rising inflation are now of paramount concern to policymakers and businesses.
While conditions are not yet ripe for the kind of wage-price spiral that wracked businesses in the 1970s, the economic growth and emboldened labor market of the past year require a different policy response than the previous two business cycles.
For the Federal Reserve and Congress, that means striking a careful balancing act of reining in inflation while preserving hard-won wage gains among the nation’s workers—no easy task.
This month’s issue of The Real Economy examines inflation’s impact on middle market businesses from a number of angles. Our chief economist, Joe Brusuelas looks at the balancing act of preserving wage gains and taming inflation. Then, RSM’s Matt Dollard asks if it is time for businesses to raise prices. This issue profiles two RSM clients—an electrical contractor and the U.S. subsidiary of an international food business—and how they have managed rising inflation. Finally, we consider the impact of inflation on the insurance industry, and the persistent pay gap between men and women.
This article was written by Joe Brusuelas, Matt Dollard, David Mamane, Marlene Dailey, Karen Galivan and originally appeared on 2022-03-01.
2021 RSM US LLP. All rights reserved.
RSM US Alliance provides its members with access to resources of RSM US LLP. RSM US Alliance member firms are separate and independent businesses and legal entities that are responsible for their own acts and omissions, and each is separate and independent from RSM US LLP. RSM US LLP is the U.S. member firm of RSM International, a global network of independent audit, tax, and consulting firms. Members of RSM US Alliance have access to RSM International resources through RSM US LLP but are not member firms of RSM International. Visit rsmus.com/about us for more information regarding RSM US LLP and RSM International. The RSM logo is used under license by RSM US LLP. RSM US Alliance products and services are proprietary to RSM US LLP.
MHP is a proud member of the RSM US Alliance, a premier affiliation of independent accounting and consulting firms in the United States. RSM US Alliance provides our firm with access to resources of RSM US LLP, the leading provider of audit, tax and consulting services focused on the middle market. RSM US LLP is a licensed CPA firm and the U.S. member of RSM International, a global network of independent audit, tax and consulting firms with more than 43,000 people in over 120 countries.
Our membership in RSM US Alliance has elevated our capabilities in the marketplace, helping to differentiate our firm from the competition while allowing us to maintain our independence and entrepreneurial culture. We have access to a valuable peer network of like-sized firms as well as a broad range of tools, expertise and technical resources.
For more information on how MHP can assist you, please call (307) 634-2151 in Cheyenne, WY or (970) 287-1041 in Fort Collins, CO.