New Report Says More Than 40% of Small Businesses Could Shutter In Six Months Over Pandemic
At some point, America will have to open back up. But when she does, how bad are things going to look? Will many mom and pop shops be gone? Will they be able to reopen?
So many questions.
Check this out, via The Daily Wire:
In addition to record unemployment numbers, experts now predict that a “wave” of small business bankruptcies is on the horizon — and it could leave the United States with 40% fewer small businesses.
The New York Times reports that the United States Chamber of Commerce estimates “more than 40 percent of the nation’s 30 million small businesses could close permanently in the next six months” — a statistic entirely attributable to the coronavirus pandemic and ensuing lockdowns.
Continued:
The economic consequences of such a mass business failure could last for “generations,” the NYT reports.
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And here’s more COVID-19 randomness, via Twitter…
Is it relevant that the US has 5X the population of Italy? https://t.co/aTnwRdKeTU
— Senator John Cornyn (@JohnCornyn) April 11, 2020
Stars Practicing Social Distancing https://t.co/T35pqiPp2q
— TMZ (@TMZ) April 12, 2020
Can you really blame them? https://t.co/BNXi5NsSbw
— BroBible (@BroBible) April 12, 2020
An unreal display today by the @AFThunderbirds flying over Vegas hospitals to salute doctors & nurses in their fight against Covid-19 pic.twitter.com/iDrvrBiYkQ
— Darren Rovell (@darrenrovell) April 12, 2020
Burning Man Canceled Due to Coronavirus, Going Virtual https://t.co/yPdVbJtjpD
— TMZ (@TMZ) April 12, 2020
Congrats to @DevinBook on becoming the first-ever NBA 2K Players Tournament Champion! 2K, the NBA and NBPA are all contributing a $100,000 donation in Devin's name to Direct Relief and Arizona Food Bank Network in support of ongoing coronavirus relief efforts. #NBA2KTourney pic.twitter.com/Fsiv56WEgE
— NBA (@NBA) April 12, 2020
Bill Maher on Chinese coronavirus: "So when someone says, 'what if people hear Chinese virus and blame China?' The answer is we should blame China. We can't afford the luxury anymore of non-judginess towards a country w/habits that kill millions of people"pic.twitter.com/UYz15zRKAs
— Ryan Saavedra (@RealSaavedra) April 11, 2020