Philadelphia restaurant owner, Daniel Lee, testified in a congressional hearing that inflation-induced price hikes led to business loss and staff reduction.
Philadelphia restaurant owner, Daniel Lee, stated in a congressional hearing that higher prices due to inflation have caused him to lose business and revenue. He mentioned the negative impact on his bottom line, resulting in having to raise prices and reduce staff. A conservative economist suggests easing regulations could help alleviate the burden on companies.
July 09, 2024
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