It appears the stimulus relief will primarily go by way of checks in the mail to individuals and with some intent that the money will almost entirely
trickle back to small businesses.
Big businesses will recover and they will get quick relief from the federal government if they need it.
Small businesses are at very serious risk, right now, and if they are not able to pay their employees through this and reopen their doors, widespread
high unemployment will become permanent.
Individual spending of stimulus money will trickle directly to Amazon, major chains for groceries and other goods (online and off), banks, and utility
…it will never have a meaningful effect in time to save them and avert a long time economic crisis, if that’s the plan we’re going with.
This economic crisis makes us vulnerable in many ways, we can’t even risk losing small businesses.
It’s up to employees who work at small and medium sized businesses — that are laying off employees or facing that inevitability — to save them
and their jobs. Time to get serious and stop waiting for further instructions. This is what we have to do. (If you disagree or think it’s wise to
sit back and wait for the government to protect them, this is not the thread for you.)
So, what ideas can you contribute that might help your own small business or the one you work for?
On my family’s part, I’ve encouraged my husband to look into organizing an employee support program through which those who can & want to
participate could offer to temporarily defer a percentage of their wages without interest, until his employer can pay it (and hopefully without
resorting to a profound number of layoffs).
Also, we are taking both our utility companies’ generous offers that effectively allow us to defer paying those bills without late fees, interest,
and fear of disconnection.
If the utility companies need relief, the government can give it to them and I absolutely believe they would.
I should also say that we don’t actually intend to spend any of what we would be paying in utility bills, it’s just there as peace of mind and in
case of emergency. I am hanging on to it as long as they allow us to.
Anyway, given that, I think our family can get by on a 10-15% temporary pay cut. With agreed terms, of course, but the gesture is genuinely in good
will and with the greater good in mind.
Think about what might work for your business or the one you work for and share it in the comments.
Where are opportunities to divert some of the individual relief opportunities directly to hurting small & medium businesses?
Ideas that work can and would inspire others and..
..it might work to pull the rug out from anyone who may be intentionally trying to kill small business, increase unemployment, and redistribute wealth
amongst individuals…some of which already live off tax money so their *income* is not affected, at all, and they aren’t going to do much that will
help small businesses.
edit on 3/18/2020 by MotherMayEye because: (no reason given)