Business owners in Midland, Texas, say inflation is the toughest on them
President Joe Biden speaks about his administration's plan to tackle record-high inflation in remarks on May 10, 2022.
Consumer prices jumped 8.3% in April compared to 12 months earlier, according to the U.S. Bureau of Labor Statistics. Bill Kent owns more than 15 businesses in the area, including gas stations and restaurants. "We’re somewhat isolated between El Paso and Dallas, Fort Worth, and that’s a lot of distance and it takes you 4 to 5 hours to go to either one. So, travel costs and transportation costs raises prices," he said.
"There’s not a single business that we have that is not impacted. We're trying to hire truck drivers out here for our transportation business and we have the highest wages in the country but it's not enough. Everyone is affected, from entry level people we hire for our stores and truck stops to our receptionists," Kent said.
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