Small businesses and their employees have been hit hard — 62% were forced to close to comply with government or health authority orders, and 44% had to reduce the number of employees or workers at their businesses because of the pandemic. GOLDMAN SACHS: Buy these 21 cheap under-the-radar stocks that offer market-beating growth potential right now
There will likely be dire consequences even as some states begin to reopen their economies. Many workers may be out of a job if their original employers don't rehire them. And, some businesses may not rehire because they won't survive the lockdown — about one-third of those surveyed said they would not reopen, with most citing an inability to pay their bills or rent.
The Monday report also showed that the employees of many small and medium-sized businesses do not have access to paid sick leave and time off. Nearly two-thirds of employees surveyed said they do not have paid sick leave, and 70% said they don't have access to paid time off. For workers in leisure and hospitality — the industry hit hardest by the coronavirus pandemic — those numbers each jumped to more than 90%, respectively. Do you have a personal experience with the coronavirus you'd like to share? Or a tip on how your town or community is handling the pandemic? Please emailfrom Business Insider Intelligence on how COVID-19 is affecting industries.
It’s just how they feel right now. It’s not an accurate indication of their behavior once animal spirits are back.
Do more than half of small business employees also not plan to apply for the same small business job?
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Clash over government role in worker safety intensifies as businesses reopenDemocrats and unions are trying to compel the Trump administration to aggressively police workplace safety as businesses begin reopening across the country. OSHA says new worker protections aren’t needed Awful idea. Government shouldn’t be involved No, Bootlickers. Its funny how the democrats who think trump is hitler want him to have all this power over people and business's. Life goes one... some people just haven't noticed. We don't need some big govt to teach us to live again. But thanks for the lesson on distancing.
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