By Tom Ozimek Tesla is pressing ahead with its workforce-reduction plans, with a notice the carmaker filed with the Texas Workforce Commission showing it is slashing 2,688 jobs in Austin, the location of its headquarters and site of a major factory. The notice, which was issued under the Worker Adjustment and Retraining Notification (WARN) Act […]
Tag: Inflation
In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.