Study of knowledge workers finds that remote work arrangements typically save 41 minutes that would have been spent commuting
Independent workers are more likely to recoup personal time, while the time saved for managers is offset by a longer workday
Researchers suggest that better quality employee interactions and emphasizing a work-life divide may be essential if remote work arrangements become more commonplace
Consumers expect their household spending to grow by 3.7 percent in the next year, according to a Federal Reserve Bank of New York report, hitting its highest point since 2016
Significant disagreements and uncertainty among respondents over short- and medium-term inflation
Anticipation of higher spending comes amid continuing flat expectations on income growth, with more respondents expressing pessimism about their financial situation
Paycheck Protection Program in proposed $908 billion economic stimulus bill would focus on smaller companies that have suffered significant revenue losses during the COVID-19 pandemic
Legislation includes funding earmarked for theaters and live entertainment venues, but not restaurants
First round of PPP often credited with providing crucial support to businesses, but has been criticized for fraud, favoring larger companies, and other shortcomings
Kauffman Foundation study on pre-entrepreneurship “leavers” looks at steps potential business owners take to start a venture and why they decided to give up or wait
Pre-entrepreneurs often discussed their idea with a friend or colleague, but rarely brought it to the attention of professionals
Concerns about the sustainability of the business or its time commitment were key reasons pre-entrepreneurs opted not to pursue their idea
Craft brewers and others in the alcohol industry call for an extension on excise tax cuts set to expire at the end of the year
End of cuts would cause per-barrel excise taxes to double for small producers, and eliminate a lower rate for brewers that produce 60,000 to 2 million barrels a year
Restrictions on restaurants, live entertainment venues, and taprooms have cut into alcohol sales in 2020
One in three surveyed workers say they had their pay cut at some point during the COVID-19 pandemic, though about half say their salary has since been restored
Women are less likely than men to say their salaries have recovered, and were also less likely to report receiving a raise or promotion
Workers more doubtful about receiving a raise next year
Trade groups protest Treasury and IRS guidance saying business expenses covered by a forgiven PPP loan cannot be deducted from a business owner’s 2020 taxes
Decision could result in significant tax hikes as fewer deductions would increase a business owner’s income on paper
Proposed economic stimulus bill would counter the decision by allowing the deductions
