There are so many implications for every action taken in a time like this. It seems reasonable to employees to have their employers pay for sick leave and it feels logical for consumers to stop consuming. For small businesses, these actions can very likely be the harbingers of demise. Suppose the most cost-effective means for survival is letting employees go. In small business, the reality of dependence is more than personal. It is familial. In these businesses, employees have become friends, and some have worked since day one. Bosses have dined with the family, they know each child by name, and the thought of reducing their livelihood when 2,000 people are filing for unemployment by the hour is heart-shattering.
If competition is fundamental to the free market, we must offer more solutions to ensure that corporations do not quickly become monopolies. Most importantly however, we must offer solutions and aid that is deemed necessary by small business owners. These businesses do not have the funds to make it through another two months, let alone lobby congress for helpful aid. The data is out there, and if our nation truly believes in a free market it must listen.
It is somewhat nauseating to see all of the heartbreaking statistics for companies during this time. I will say that it will be interesting to watch the choices our government makes in attempting to help our economy, as each decision made can have a bigger income than expected. I think that to some extent in the aftermath of the virus economically it may be asked if we made the right choice in shutting down so many businesses entirely. Being that it is such an unprecedented circumstance that there certainly is no right answer, but I hope and pray that our government is currently working on ways to help the businesses and the employees of those businesses that have been hit so hard by this pandemic.
I knew coronavirus had had a huge impact on businesses, but to see the numbers in front of me is astounding. Among these high numbers, I couldn’t help bust notice the 13%. Reading that that number represented the number of businesses confident in their ability to essentially carry on with their business shocked me. This is such a small percentage! So many businesses–big and small alike–have suffered during this difficult time that nobody could have seen coming. If big businesses took a hit, it is disheartening to think about all of the small businesses heavily impacted by the virus. So many small businesses were forced to close which was detrimental to so many. As we are a year into the pandemic, my hope is that some of these requests above were answered and small businesses can thrive again.
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