Here’s news you can use in a constantly changing business environment including the delay in raising Michigan’s minimum wage, consumer expectations that inflation will slow down, how to help employees better manage their time and more.

1. Minimum wage hike delayed — A court ruling delays implementation of a statewide increase in the minimum wage until at least February 2023. The judge delayed the start in consideration of the ability of businesses and the state to adapt to new laws. Learn more about the delayed wage increase.
2. Consumers expect inflation to slow — Compared to the consumer outlook in June, people are expecting lower inflation. While gas prices are higher than they were a year ago, commodity prices have been significantly falling. Home prices are expected to rise 3.5%, compared to the 4.4% expected in June. Discover how the latest consumer outlook is reporting slower inflation.
3. A Jedi mind trick to help employees manage time better — We know that nagging doesn’t work, however, time management expert Laura Vanderkam says to start by talking about yourself. Check out this innovative strategy to help your employees with time management.
4. Seven types of people you need in your inner circle — To succeed in business, surround yourself with mentors who are more experienced than you in the areas where you want to grow. Learn how to develop a personal board of advisors.
5. The language of hands — Did you know you can be more persuasive by just holding your hands in certain ways? Discover five subtle hand gestures that can make a big impact on others.

Thank you to our Friday Five sources: Michigan Bridge, Detroit Regional Chamber, Inc, Entrepreneur and HuffPost.

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