The Hits Just Keep On Coming For Small Businesses
Supply chain, inflationary and labor concerns are crippling small businesses already on the brink. Why are Senate Republicans refusing to help?
For all the worldwide terrors of COVID-19, it has hardly been an equal opportunity destroyer.
Like most other major catastrophes, natural disasters, wars, and economic recessions, a global pandemic was bound to fall harder on some demographic groups than others. The medically vulnerable, the economically disadvantaged, and other already marginalized communities are always hardest hit by negative market indicators. They are also usually the last to feel economic trends moving in the opposite, positive direction.
Wealth may trickle down, or sometimes not; hardship nearly always starts at the bottom at works it way up.
The world’s working class has already borne the brunt of the widening wealth gap over the last two decades. Some of the benefits of globalism, it would seem, have been offset by a great loss to the American manufacturing industry and a 10,000 mile supply chain dependent on petroleum.
When COVID-19 first hit, the working-class “essential workers” of the world watched with amusement as their white-collar counterparts en masse first took to their homes and apartments out of an abundance of caution then…