06-15-2020, 06:45 AM
And let's not forget that it hit women, minorities and immigrants the hardest, according to this WSJ editorial reviewing data from the National Bureau of Economic Research.
https://www.wsj.com/articles/lockdowns-h...ge=1&pos=1
From February. 2020 through April, 2020, total businesses declined from 15 mm to 11.7 mm. In the entire Great Recession, businesses only declined by 5%, about 730,000. This is already four times worse. Other figures:
* Black owned businesses declined by 41%, decline of 441k
* Latino owned businesses declined by 32%, decline of 658k
* Immigrant owned businsses declined by 36%, decline of 1.1 mm
* Asian owned businesses declined by 26%
* Women owned businesses declined by 25%, decline of 1.3 mm
* Caucasian owned businesses declined by 17%.
https://www.wsj.com/articles/lockdowns-h...ge=1&pos=1
From February. 2020 through April, 2020, total businesses declined from 15 mm to 11.7 mm. In the entire Great Recession, businesses only declined by 5%, about 730,000. This is already four times worse. Other figures:
* Black owned businesses declined by 41%, decline of 441k
* Latino owned businesses declined by 32%, decline of 658k
* Immigrant owned businsses declined by 36%, decline of 1.1 mm
* Asian owned businesses declined by 26%
* Women owned businesses declined by 25%, decline of 1.3 mm
* Caucasian owned businesses declined by 17%.
Audaces fortuna iuvat
