small business

The Trump Effect On Small Business Has Been Anything But Small

We’ve said it before, and we’ll say it again:  Having a businessman running things in the White House has been extremely good for American business owners.

Donald Trump gets it.  This is the man who turned a lucky gift from his father into a worldwide corporation worth billions. Then, on top of that already incredible success, Donald Trump also become the President of the United States.  The man wins.  It’s just what he does.

Heck, less than two years into his first term, Trump has already possibly ended the six decade Korean War, shattered a number of economic records, and dropped joblessness into the basement – undoing years and years of former President Barack Obama’s handiwork in normalizing the entitlement culture in our country.

Now, as we continue to measure the ways in which the President is succeeding, we’re learning something incredible:  Trump is going to have this country roaring like it’s never roared before.  Take a look at some of the small business successes we’ve already seen.

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One-third of small businesses are raising wages in the tight economy, setting a record level of pay increases, says a new report by the National Federation of Independent Business.

“A seasonally adjusted net 35 percent of small business owners reported increases in labor compensation as owners try to attract needed employees and retain those already on board,” said a press statement from the business group.

“This month’s jobs report demonstrates that small business owners’ optimism is showing no signs of abating,” said a statement from Juanita Duggan, president and CEO of the NFIB. She continued:

They are increasing compensation at record levels and are continuing to hire. Post tax-reform, concerns about taxes and regulations are taking a backseat to their worries over filling open positions and finding qualified candidates.

As Michelle Pfeiffer’s coked out character in Scarface wryly explained, “nothing exceeds like excess”.

And, to paraphrase, no one succeeds unless they themselves have some experience with success.  Our President obviously has that in droves, and it’s starting to trickle down to Main Street…not a moment too soon, either.

 

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