NFIB Weekly News

Stay up to date with the latest National Federation of Independent Business (NFIB) and other small business news. NFIB, founded in 1943, is known as “the voice of small business” because of their credibility with the government and the media.

NFIB Weekly News Leading the News

Viking River Cruises v. Moriana decision will help curb frivolous litigation (06/21/2022)

WASHINGTON, D.C. (June 15, 2022) – The National Federation of Independent Business (NFIB) applauds today’s decision from the U.S. Supreme Court in the case Viking River Cruises, Inc., v. Angie Moriana. NFIB filed an amicus brief in the case urging the Court to reaffirm the Federal Arbitration Act’s (FAA) protection of individualized arbitration.

“Small businesses greatly benefit from arbitration as it is a fast and inexpensive way to solve business issues and avoid costly litigation,” said Karen Harned, Executive Director of NFIB’s Small Business Legal Center. “The Supreme Court’s affirmation that the FAA’s pro-arbitration mandate should apply to individual California Private Attorneys General Act (PAGA) claims will go a long way in protecting small businesses from an onslaught of PAGA litigation, including many frivolous lawsuits, brought under PAGA and similar state laws.”

The case questioned whether the FAA requires enforcement of bilateral arbitration agreements stipulating that an employee cannot raise representative claims, including under PAGA. Among other things, NFIB’s brief highlighted plaintiff bar abuse of PAGA to shakedown California employers.

The NFIB Small Business Legal Center protects the rights of small business owners in the nation’s courts. NFIB is currently active in more than 40 cases in federal and state courts across the country and in the U.S. Supreme Court.

Business Climate

Congress Can Help Small Businesses Fight Inflation (06/21/2022)

NFIB President Brad Close wrote a new op-ed in Fox Business explaining how Congress can help Main Street fight inflation. Last week, the Bureau of Labor Statistics report on the Consumer Price Index reported inflation is near a 40-year high. Close explains that inflation is the number one problem facing small businesses right now, as reported in NFIB’s monthly survey.

“Small businesses are counting on Washington to help address this crisis, but instead of solutions, all they hear are bad ideas that will make current problems even worse. Congress and the Administration are still pushing the Build Back Better Act legislation, with its massive tax increases that would take more money that small businesses need to grapple with high inflation and supply chain bottlenecks.”

“Only in Washington does it make sense to saddle the small business economy with new taxes and mandates. What’s really needed are policies that would grow and strengthen Main Street. If Congress doesn’t have any good ideas, they should look to the states for pro-growth solutions.”

Small Business Marketing

Expert Criticizes Email For Customer Communication, Says Texting Is Superior (04/19/2022)

In a USA Today (4/14, Deerwester) column, lawyer, speaker, and author Steve Strauss wrote that “email is actually a fairly horrible way for business generally, and small business, in particular, to communicate with customers. Unopened and unwanted, ignored and abandoned, emails simply don’t get through anymore.” Strauss went on to argue that texting is superior to emailing.

Wages and Benefits

NFIB webinar explains the employment process to help recruit and retain workers (06/14/2022)

On June 1, the “Hiring & Retaining the Best Talent in a Tight Labor Market: HR Basics for Small Business” webinar was hosted by Senior Executive Counsel for the NFIB Small Business Legal Center Elizabeth Milito and Executive Director for the NFIB Research Center Holly Wade.

NFIB’s research shows that small business owners are struggling with workforce shortages. Forty-seven percent of small business owners are reporting they have job openings they could not fill, and an NFIB survey shows expectations for better business conditions in six months is the lowest it’s been in the nearly 50-year survey.

“While the last two years really demonstrated how resilient and important small businesses are to our economy, I would say that small businesses run America, the pandemic also showed some inefficiencies and deficiencies in businesses,” Milito explained. “Small business and larger businesses too, particularly when it comes to issues related to recruitment and retention of employees.”

For small business owners, it is important to re-examine the processes that are being used for recruiting employees and finding new and effective ways to retain employees.