40% of California's small businesses died in the last two years
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Re: 40% of California's small businesses died in the last two years
#2Not surprising, I see so many downtown areas still closed in the SJ area. It's tough to open a business when the people in the area don't have the money to buy your products.
When 2/3rd's of the nation are paycheck to paycheck, even in an affluent area like SJ, if your business is not providing something extremely essential, then you are effectively marketing to just 1/3rd of the population with money.
This tautology that has been spread through out our society that "rich people create jobs" is absurd, demand creates jobs, and decent paychecks create demand. So when paychecks have been stagnant for 40 years, what do people expect is going to happen?
Re: 40% of California's small businesses died in the last two years
#3Not surprising, I see so many downtown areas still closed in the SJ area. It's tough to open a business when the people in the area don't have the money to buy your products. When 2/3rd's of the nation are paycheck to paycheck, even in an affluent area like SJ, if your business is not providing something extremely essential, then you are effectively marketing to just 1/3rd of the population with money. This tautology…
Except this is the opposite of the actual problem. There's plenty of cash floating around right now: it's why inflation is high. We're finally hitting real supply limits. It's the hottest job market in most people's lifetimes.
The fact of the matter is most small businesses are crap businesses. They also abuse their workers in ways big business can't get away with, both illegally and legally. If you work for an employer with <30 employees and they don't provide health insurance, why would you stick around right now?
Re: 40% of California's small businesses died in the last two years
#4Not surprising, I see so many downtown areas still closed in the SJ area. It's tough to open a business when the people in the area don't have the money to buy your products. When 2/3rd's of the nation are paycheck to paycheck, even in an affluent area like SJ, if your business is not providing something extremely essential, then you are effectively marketing to just 1/3rd of the population with money. This tautology…
Except this is the opposite of the actual problem. There's plenty of cash floating around right now: it's why inflation is high. We're finally hitting real supply limits. It's the hottest job market in most people's lifetimes. The fact of the matter is most small businesses are crap businesses. They also abuse their workers in ways big business can't get away with, both illegally and legally. If you work for an emplo…
Isn’t most of this due to lockdowns and shifting spending to online?
Re: 40% of California's small businesses died in the last two years
#5Small businesses tend to fail in the first two years regardless of circumstance. So let's look at the actual report to get some idea of whether CA's pandemic response played an outsized part:
https://eig.org/news/more-physical-places-of-businesses-open...
In that we see that there are more businesses in CA now than before the pandemic. We see Boise getting a huge influx in workers as people can more easily work remotely now.
Re: 40% of California's small businesses died in the last two years
#6Not surprising, I see so many downtown areas still closed in the SJ area. It's tough to open a business when the people in the area don't have the money to buy your products. When 2/3rd's of the nation are paycheck to paycheck, even in an affluent area like SJ, if your business is not providing something extremely essential, then you are effectively marketing to just 1/3rd of the population with money. This tautology…
Except this is the opposite of the actual problem. There's plenty of cash floating around right now: it's why inflation is high. We're finally hitting real supply limits. It's the hottest job market in most people's lifetimes. The fact of the matter is most small businesses are crap businesses. They also abuse their workers in ways big business can't get away with, both illegally and legally. If you work for an emplo…
It's exactly what the problem is. Jobs may be growing because so many were cut due to covid, that doesn't mean it's a healthy economy, because it's not by any stretch. Most created wealth is going to the top 10% of employees.
Re: 40% of California's small businesses died in the last two years
#7Not surprising, I see so many downtown areas still closed in the SJ area. It's tough to open a business when the people in the area don't have the money to buy your products. When 2/3rd's of the nation are paycheck to paycheck, even in an affluent area like SJ, if your business is not providing something extremely essential, then you are effectively marketing to just 1/3rd of the population with money. This tautology…
Except this is the opposite of the actual problem. There's plenty of cash floating around right now: it's why inflation is high. We're finally hitting real supply limits. It's the hottest job market in most people's lifetimes. The fact of the matter is most small businesses are crap businesses. They also abuse their workers in ways big business can't get away with, both illegally and legally. If you work for an emplo…
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Re: 40% of California's small businesses died in the last two years
#8Not surprising, I see so many downtown areas still closed in the SJ area. It's tough to open a business when the people in the area don't have the money to buy your products. When 2/3rd's of the nation are paycheck to paycheck, even in an affluent area like SJ, if your business is not providing something extremely essential, then you are effectively marketing to just 1/3rd of the population with money. This tautology…
Except this is the opposite of the actual problem. There's plenty of cash floating around right now: it's why inflation is high. We're finally hitting real supply limits. It's the hottest job market in most people's lifetimes. The fact of the matter is most small businesses are crap businesses. They also abuse their workers in ways big business can't get away with, both illegally and legally. If you work for an emplo…
I thought this inflation was supply driven??
Re: 40% of California's small businesses died in the last two years
#9Not surprising, I see so many downtown areas still closed in the SJ area. It's tough to open a business when the people in the area don't have the money to buy your products. When 2/3rd's of the nation are paycheck to paycheck, even in an affluent area like SJ, if your business is not providing something extremely essential, then you are effectively marketing to just 1/3rd of the population with money. This tautology…
For $7 I used to get 15 good apples now only 5.. feels like a bad joke
Re: 40% of California's small businesses died in the last two years
#10I interpret the heading of the graph (not Marc Andreessen's tweet) to say there were 40% fewer small businesses opened on June 2, 2021 compared to Jan 2020. I assume that now we are exiting the pandemic the number is much higher than June 2021.