Economics/Class Relations

More Than One-Third Of Small Businesses “In Jeopardy” Of Closing This Summer

And that’s what “Big Capital” wants as a means of eliminating on-the-ground competition, the same way classical capitalists wanted the elimination of independent artisans and craftsmen.

By Tyler Durden, Zero Hedge

As small businesses complain that it has never been harder for them to hire workers according to a recent NFIB survey, many are facing growing pressure to survive. As the American economy continues to reopen, some fear it might not happen soon enough to save thousands of small businesses. Data from Alignable’s June Revenue Poll shows that 35% of all small business owners are still at risk of closing permanently by the end of the summer.

Among the 3,772 small business owners in the 10 days ended June 1, Alignable’s June Revenue Poll showed a myriad of factors – including the remaining closures and restrictions, growing inflationary pressures on prices, rising gas and transportation prices and labor shortages – are creating problems that affect small businesses more intensely than their corporate partners.

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