However, in somewhat good news, 43% of business owners stated that they believe within six months, they will full recover from the COVID lockdowns’ impacts.
Additional findings from Job Creators Network shows that many small business owners have reservations about the Biden administration. At this time, 42% of these entrepreneurs maintain that the president’s policies on taxes and the economy will have detrimental impacts. Meanwhile, more than five of ten small business owners disagree with Biden’s push to increase the corporate tax rate.
Elaine Parker, the chief communications officer for the Job Creators Network, also warns that unemployment benefits do directly impact small businesses. Parker maintains that restoring unemployment benefits to their pre-COVID rates will be critical to the recovery of small businesses.
Parker then described the benefits granted by Biden’s American Rescue Plan as “overly-generous” and a contributing factor to people staying home, rather than looking for work.
The labor shortage crisis
Warnings from the Jobs Creator Network’s chief communications officer should not be brushed aside. In fact, the ongoing labor shortage proves the accuracy of Parker’s words.
