Increasing local spending can lead to significant benefits in the Permian Basin Region including additional retail sales and jobs, as well as tax receipts to local entities. The Perryman Group estimated the economic benefits if people in the Region increased spending at local retail stores, restaurants, and personal services establishments to levels consistent with patterns in other areas. These amounts are fully adjusted to reflect goods and services that are available in the Permian Basin and income levels of area residents.
Dr. Perryman explains why these wages have risen in recent months.
Dr. Perryman discusses factors such as the additional risk workers are taking on amidst the COVID-19 pandemic and the incentive for companies to take better care of their employees.
Dr. Perryman explains why the trend toward online shopping could continue to increase as another lasting impact of coronavirus.
Retail sales saw a big drop in March. Dr. Perryman provides some perspective for what is likely to follow.
The initial holiday sales numbers are in for Microsoft, and Dr. Perryman says they were off just a bit overall but one sector stuck out.
There is a new effort in Congress to require Internet retailers to pay the sales tax on purchases nationwide. Dr. Perryman says it is critical to states like Texas.