Small Business Closures
Discussions focus on small businesses, particularly restaurants and mom-and-pop shops, closing due to COVID-19 lockdowns, restrictions, and low margins, with debates on their viability and economic ripple effects.
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I suspect this refers to small mom-and-pop shops and restaurants that couldn’t survive the lock downs. Much bigger chains seem to have survived better.
arent local businesses closing?
Many small businesses have gone out of business.
well this will probably cause an exit of businesses
Restaurants and other low margin businesses would cease to exist under this plan.
It sucks for your friends yes, but to be honest most restaurants fail and the only thing notable about the present situation is many of them are failing all at once.It’s not like a restaurant failing and putting entire families out of business is some surprising event. I’m sure it happens everyday.You have to look at the other side, when your friends restaurants fail and move out, new ones will move in with the same optimism as your friend originally had, except this time it may be better
What's wrong with them wanting to keep their stores open?
Thats what you get when business are being shutdown / not allowed to open at their full capacity.
Then maybe restaurants aren't a viable business?I know it sounds crazy because we've had them for so long, but maybe it's not sustainable to have so many of them?In any case, this seems like a great area to let the market figure it out. If restaurants go out of business the owners and employees will find something else to do.
Don't worry. If you don't kill your favorite local business, some startup will eventually do it for you.