Article
The Small Business Die-Off Is Here
Many small businesses won’t survive, and that will change the landscape of American commerce for years to come.
The Atlantic,
2020
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If you imagine that the US economy will ricochet back from the pandemic, creating a “V-shaped” line on the proverbial economic recovery graph, The Atlantic’s economic policy reporter Annie Lowrey suggests you curb your optimism. The curve of economic recovery will be decidedly “U-shaped,” she says, due in large part to the loss of small businesses. Given their crucial role in fueling innovation, productivity, higher wages and lower prices, the loss of small businesses may create a cascade of negative consequences.
Summary
About the Author
Annie Lowrey covers economic policy for The Atlantic. She previously held staff writer positions at The New York Times and Slate. She is the author of Give People Money: How a Universal Basic Income Would End Poverty, Revolutionize Work, and Remake the World.
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