Miscellaneous

Starbucks Shareholders yesterday rejected an eye-popping executive compensation proposal for the C-Suite that included a $1.86 million payout for CEO Kevin Johnson as a performance bonus for fiscal year 2020 along with $50M in “retention pay” if the CEO were to stick around with the company through fiscal year 2022! Although the rejected resolution was…

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Business and Consumer Confidence

While the COVID vaccine becomes more available and more states relax some of their onerous restrictions on business operations, both business and consumer confidence continue to play on the metaphorical see-saw. A survey by the National Federation of Independent Business found the outlook of small business owners improving slightly with 15% of its respondents reporting…

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Miscellaneous

Earlier this month, the U.S. Bureau of Labor Statistics reported that average hourly earnings for all employees actually increased 0.1 percent from September to October 2020. Notwithstanding ongoing challenges from the coronavirus pandemic and its recent spikes, real average hourly earnings year over year increased 3.2 percent from October 2019 to October 2020. The Consumer…

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Miscellaneous

FRANdata last week released its Franchise Business Economic Outlook 2020 and predicted that the franchise industry will continue with its economic boom throughout this year. The report, done in conjunction with the International Franchise Association (IFA), projects a 1.5% increase in the number of franchises, growing to over 785,000 by year-end. In addition, it projects…

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Economic Growth Continues

Notwithstanding many who for their own political reasons “wish it weren’t so”, the nation’s economy continued to grow and strengthen through June with average hourly earnings increasing 0.2% for the month. According to the Bureau of Labor Statistics (BLS), year over year, real average hourly earnings grew 1.5 percent from June 2018 to June 2019…

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Miscellaneous

The U.S. Bureau of Labor Statistics reported that real average hourly earnings for all employees increased 1.7 percent year over year from January 2018 to January 2019. On a month to month basis, real average hourly earnings rose 0.2 percent from December to January, resulting from a 0.1 percent increase in average hourly earnings combined…

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Miscellaneous

Important to note, in the context of wages and worker benefits, the US Bureau of Labor Statistics reported that real average hourly earnings for all employee increased 0.5% from November to December. The increase stems from a combination of 0.4 percent increase in average hourly earnings coupled with a 0.1% decrease in the CPI. Real…

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