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We Must Flatten The Curve For Small Businesses Too
This article originally appeared on
Forbes
Unemployment claims jumped to 3.3 million over the last few days, nearly five times the highest documented number on record in American history. Ashoka Fellow Alison Lingane, co-founder of Project Equity, describes the effect the coronavirus pandemic is having on our economy and on our small businesses in particular.
Ashoka insight
The DNA of businesses that are people first is just different, and yes, more resilient. Data from past recessions — including the great recession — show that employee-owned businesses outlast their competitors in business cycle downturns, and that they lay off fewer workers, and rehire them faster.