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? Today on Business Casual, Freakonomics co-creator Steven Levitt 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.