Welcome to this week's issue of What Economic Developers Need to Know This Week, where we explore the evolving dynamics of our economy.
Get ready to dive deep into how these transformations are affecting individuals, businesses, and communities across the nation, broadening your understanding of the critical trends shaping our modern economy.
This week we have 34 tools, stories, graphics, charts and videos that I think you'll find informative, useful, inspiring, and perhaps even humorous. Some are economic development related directly, and some only indirectly. 🤔
If you're wondering what to do with the info in this newsletter, send something to your board members. It will make you look good!
As always, if you find something interesting, please send it to me.
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1) The cost of buying vs renting in America:
2) The Great Resignation is over, quit rates return to pre-pandemic levels:
3) The buying power of the federal minimum wage is at its lowest point since December 1949:
4) A global deflation shock is coming: Stretched delivery times in 2021-22 are reversing and will drive goods deflation.