{"id":4179,"date":"2022-07-13T14:01:14","date_gmt":"2022-07-13T19:01:14","guid":{"rendered":"https:\/\/www.employco.com\/blog\/?p=4179"},"modified":"2022-08-19T14:33:35","modified_gmt":"2022-08-19T19:33:35","slug":"how-to-safeguard-your-business-during-stagflation","status":"publish","type":"post","link":"https:\/\/www.employco.com\/blog\/2022\/07\/13\/how-to-safeguard-your-business-during-stagflation\/","title":{"rendered":"How to Safeguard Your Business During Stagflation"},"content":{"rendered":"<p><em>Employment trends expert Rob Wilson weighs in<\/em><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.employco.com\/images\/blog\/Blog_Stagflation.jpg\" alt=\"Stagflation\" \/><\/p>\n<p>The threat of stagflation continues to loom large over the economy. When June\u2019s jobs report was released last Friday, it revealed that employers hired more workers than expected. While this was good news, it also gave the Federal Reserve the justification to raise interest rates in a bid to fight continued inflation.<\/p>\n<p>\u201cWhile the June jobs report was positive, it has led to a plan to increase interest rates by 75 points,\u201d says Rob Wilson, President of Employco USA and employment trends expert. \u201cThe theory is that raising interest rates will curb spending, thereby causing spending to decline and demand to fall. Unfortunately, this is a plan that is conceived to combat inflation, but we have no economic tools in place to fight stagflation.\u201d<\/p>\n<p><!--more--><\/p>\n<p>Stagflation is an economic state in which employment rates fall as inflation rises.<\/p>\n<p>\u201cStagflation occurs when inflation combines with high rates of unemployment and slow economic growth to create the perfect economic storm,\u201d says Wilson. \u201cThe United States has not undergone a time of stagflation since the 1970s, when an oil embargo and fiscal policies led to stunted economic growth and catastrophically high prices. Now, we find ourselves facing a similar economic travesty.\u201d<\/p>\n<p>Wilson says small business owners will be hit hardest by stagflation.<\/p>\n<p>\u201cIn order to boost the economy and get people working again, lawmakers are really going to rely on and reward big corporations who have the ability to absorb higher interest rates and lower profit margins. It will be the everyday American employer who is going to have a real battle to attract and retain staff, all while trying to pay a competitive wage.\u201d<\/p>\n<p>In fact, says Wilson, this is why many people are saying that the cure for stagflation might be to cap wages or set price controls.<\/p>\n<p>\u201cThese solutions aren\u2019t very popular, for either employees or employers,\u201d says Wilson.<\/p>\n<p>So, what can employers do to safeguard their businesses during a time of stagflation?<\/p>\n<p>\u201cLook for opportunities wherever you can. Whether that means reducing shipping costs, using less energy, improving your supply chain, or investing in software to improve your workers\u2019 productivity, now is the time to think outside the box. And try to reduce your debt as much as possible because skyrocketing interest rates are going to be a death knell for a lot of companies,\u201d says Wilson.<\/p>\n<p>For more on this topic, please contact Rob Wilson at\u00a0<a href=\"mailto:rwilson@thewilsoncompanies.com\">rwilson@thewilsoncompanies.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Employment trends expert Rob Wilson weighs in The threat of stagflation continues to loom large over the economy. When June\u2019s jobs report was released last Friday, it revealed that employers hired more workers than expected. While this was good news,&hellip;  <\/p>\n<p class=\"more-link\"><a href=\"https:\/\/www.employco.com\/blog\/2022\/07\/13\/how-to-safeguard-your-business-during-stagflation\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4179","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"featured_image_src":null,"author_info":{"display_name":"Employco USA","author_link":"https:\/\/www.employco.com\/blog\/author\/employcousa\/"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>How to Safeguard Your Business During Stagflation - Employco Blog<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.employco.com\/blog\/2022\/07\/13\/how-to-safeguard-your-business-during-stagflation\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"How to Safeguard Your Business During Stagflation - Employco Blog\" \/>\r\n<meta property=\"og:description\" content=\"Employment trends expert Rob Wilson weighs in The threat of stagflation continues to loom large over the economy. 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But anyone who experienced the combination of high inflation and recession in the 1970s is well-acquainted with this unfortunate economic phenomenon. The factors that produced stagflation are back again today. Businesses will need to evaluate their operations\u2026","rel":"","context":"In &quot;HR Solutions&quot;","block_context":{"text":"HR Solutions","link":"https:\/\/www.employco.com\/blog\/category\/hr-solutions\/"},"img":{"alt_text":"Stagflation","src":"https:\/\/i0.wp.com\/www.employco.com\/images\/blog\/Blog_Stagflation.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.employco.com\/images\/blog\/Blog_Stagflation.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.employco.com\/images\/blog\/Blog_Stagflation.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.employco.com\/images\/blog\/Blog_Stagflation.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.employco.com\/images\/blog\/Blog_Stagflation.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":938,"url":"https:\/\/www.employco.com\/blog\/2018\/07\/10\/is-america-really-near-full-employment\/","url_meta":{"origin":4179,"position":1},"title":"Is America Really Near Full Employment?","author":"Employco USA","date":"July 10, 2018","format":false,"excerpt":"Employment expert weighs in on the truth behind latest jobs numbers The latest jobs report has many people talking about \u201cfull employment\u201d and the fact that America is allegedly near this state. 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But, what does this latest jobs report mean for the average American? \u201cLast week\u2019s numbers were quite encouraging,\u201d says Rob Wilson, President of Employco USA and employment trends expert.\u2026","rel":"","context":"In &quot;Jobs&quot;","block_context":{"text":"Jobs","link":"https:\/\/www.employco.com\/blog\/category\/recruitment-solutions\/jobs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.employco.com\/blog\/wp-content\/uploads\/2017\/11\/JobsIncrease-300x294.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":3763,"url":"https:\/\/www.employco.com\/blog\/2022\/01\/05\/bye-bye-boss-jobs-report-shows-4-5m-people-quit-in-november\/","url_meta":{"origin":4179,"position":4},"title":"Bye, Bye Boss! Jobs Report Shows 4.5M People Quit in November","author":"Employco USA","date":"January 5, 2022","format":false,"excerpt":"Employment trends expert examines reasons behind Great Resignation and what employers can do The Great Resignation just became the Greatest Resignation. The January jobs report reveals that a record number of people quit their positions in November\u2026 4.5 million of them, in fact. Is it true that people just don\u2019t\u2026","rel":"","context":"In &quot;Jobs&quot;","block_context":{"text":"Jobs","link":"https:\/\/www.employco.com\/blog\/category\/recruitment-solutions\/jobs\/"},"img":{"alt_text":"The Great Resignation","src":"https:\/\/i0.wp.com\/www.employco.com\/images\/Blog\/Blog_Great-Resignation.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":4506,"url":"https:\/\/www.employco.com\/blog\/2023\/02\/24\/the-sad-truth-about-our-record-low-unemployment-rate\/","url_meta":{"origin":4179,"position":5},"title":"The Sad Truth about Our \u201cRecord-Low\u201d Unemployment Rate","author":"Employco USA","date":"February 24, 2023","format":false,"excerpt":"Employment trends expert offers an enlightening viewpoint of our national employment rate\u00a0 When The White House released January\u2019s jobs report, many people were excited to see that the unemployment rate was being touted as the lowest since May 1969. But employment trends expert Rob Wilson says that the numbers fail\u2026","rel":"","context":"In &quot;Human Resources&quot;","block_context":{"text":"Human Resources","link":"https:\/\/www.employco.com\/blog\/category\/human-resources\/"},"img":{"alt_text":"Unemployment","src":"https:\/\/i0.wp.com\/www.employco.com\/images\/Blog\/Blog_Unemployment_Newspaper.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.employco.com\/images\/Blog\/Blog_Unemployment_Newspaper.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.employco.com\/images\/Blog\/Blog_Unemployment_Newspaper.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.employco.com\/images\/Blog\/Blog_Unemployment_Newspaper.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.employco.com\/images\/Blog\/Blog_Unemployment_Newspaper.png?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/posts\/4179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/comments?post=4179"}],"version-history":[{"count":1,"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/posts\/4179\/revisions"}],"predecessor-version":[{"id":4180,"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/posts\/4179\/revisions\/4180"}],"wp:attachment":[{"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/media?parent=4179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/categories?post=4179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/tags?post=4179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}