March 1, 2021

The backbone of our economy is crumbling

The backbone of our economy is crumbling

Small businesses account for 48% of American jobs and 44% of American GDP. What would our economy look like without them?

Unfortunately, we might soon find out.

In the wake of the Covid-19 pandemic and the year of lockdown that came with it, a vast share of our small business economy has been cornered into financial distress. How did we get here, and, more importantly, how do we bounce back?

Steven Levitt, Freakonomics co-creator and host of the podcast People I (Mostly) Admire, explains how vital small businesses are to the US economy and what action we can’t afford not to take to keep them afloat. Don’t miss it.