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If you want to talk about economic justice and helping tear down barriers that disadvantage the poor and underserved, having a national strategy that targets bu
by supernova87a 6y ago
If you want to talk about economic justice and helping tear down barriers that disadvantage the poor and underserved, having a national strategy that targets businesses like restaurants would be a good place to start. Along with other similar industries. Restaurants are a big driver of entry-level and family-supporting jobs. As you can see, they're also the most vulnerable to insolvency.
It would be better than Congress doing the mindless easy thing and promulgating untargeted subsidies that larger corporate entities are the most talented at cashing in on. By the way, the amount of paperwork and disorganization of these stimulus implementations doesn't help the most short-staffed family businesses. But I would guess doing things properly and strategically takes work and judgement that we don't have right now.
- SaltyLemonZest 6y agoI'm not sure how much a better strategy could help, since most American restaurants teeter on the edge of failure even in a good year. Even if we tossed around enough aid to keep restaurant books balanced until the far off point when they can open at full capacity, how many restaurants would survive the reopening? (It's not an exact comparison, but something like 60% of restaurants fail within a year after starting.) And how many restaurant owners are willing to put their life on pause indefinitely?