Former Walmart CEO and President Bill Simon discusses the mass amount of layoffs that are occurring across various corporate industries in the U.S.
Strategic Wealth Partners CEO and president Mark Tepper claims President Biden is too busy 'popping champagne bottles' despite the economy 'softening' on 'Maria Bartiromo's Wallstreet.'We need workers, but we need workers we can employ that are in the country legally. What's happening now is you're letting people in that can't participate in the workforce but do increase demand.
Certain inputs are trying to solve inflation, but you have counteracting forces that kind of mess that up," he said.Simon further warned that consumers could be in a "world of hurt" if the Biden administration does not take action on the country's inflation issue soon. "I think the most critical thing that's going to happen in '23 is we have to get this inflation under control.
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