Small Businesses Are Dying. No One Is Tracking the Carnage

Small Businesses Are Dying. No One Is Tracking the Carnage
(AP Photo/Lynne Sladky)

Big companies are going bankrupt at a record pace, but that’s only part of the carnage. By some accounts, small businesses are disappearing by the thousands amid the Covid-19 pandemic, and the drag on the economy from these failures could be huge.

This wave of silent failures goes uncounted in part because real-time data on small business is notoriously scarce, and because owners of small firms often have no debt, and thus no need for bankruptcy court.

Read Full Article »


Comment
Show comments Hide Comments


Related Articles