The Main Street Merchant Index

New PYMNTS Data Shows SMBs Adapting To Wage Hikes, Economic Change

Small businesses are rising up in the face of adversity, with the average company offering wages that are 10 percent higher than they were pre-pandemic. In the latest Main Street Merchant Index, PYMNTS analyzed three key metrics to gauge the road ahead for this small but critical slice of the economy.

Inside the September Study
  • 3.1%: Average increase in the share of income that Main Street SMB employees earned in Q2 2021 compared to Q2 2020
  • 50%: Portion by which Main Street SMBs in the Northeast were hit harder economically than the average Main Street SMB
  • 1.9%: Increase in the number of workers employed by the average Main Street professional services SMB in Q2 2021 compared to Q1 2020