Statistically, small business owners provide the largest percentage of jobs in the U.S. — yes an even larger percentage of jobs than all of those bail-out “worthy” industries. In spite of all of the bail out monies that were supposed to loosen up the purse strings of banks in order to strengthen small businesses in extremely tough times, small businesses have become ignored and have nothing to show for any of the so-called efforts on their behalf. In fact, even without the economic crisis that is truly upon us, historically small businesses get very, very little considerations, tax breaks, or other incentives to operate their businesses. As a result, the economic drain our nation is experiencing is merely a manifestation of a long time attitude apathy towards what really makes this country healthy. Is it any wonder that the job loss in the last 12 months has been the worst it’s been since the World War II era? Over 250,000,000 jobs were lost in 2008 and that doesn’t take into account the millions of individuals who were forced from full-time employment to part-time, nor does it take into account the self-employed individuals who have had to hang up their dreams and stand in the unemployment line with millions of others. In my opinion, the economic crisis could have been averted long ago, and even the Wall Street and mortgage disaster impact lessened had national and state leaders paid more attention to the needs of small business owners.
When a CEO runs a company into the ground, it’s an innocuous entity. The CEO is merely losing his regular pay check and other corporate perks. But when a true small business is run into the ground, chances are high that the life savings of the business owner, customers they’ve become friends with, and long-time employees they’ve connected with personally suffer through the carnage of such an event. By the time the doors are finally shut on a small business, great sacrifices have already been for its survival. Great personal financial risks such as mortgaging personal homes to the hilt, stripping it of all available equity only to find the value dropping far below the lien amount months later, and cashing in retirement and savings accounts just to last as long as possible in hopes that a life preserver will come their way. And yet for all of this sweat, tears and sacrifice, small business owners can’t lay claim to appropriate health insurance tax deductions, can’t get access to the same affordable health care packages that large corporations enjoy, and are inundated with paper work requirements while their larger counterparts have enormous legal and accounting teams to deceive their shareholders.
When a small business owner sees fit to terminate an employee who steals from them or conducts themselves inappropriately, the state still requires them to pay unemployment benefits unless such an infraction is specifically outlined in some kind of written form that the employee has manifested the receipt of.
Large corporations have money and staff to handle these items. Many such monies derived by secret government contract negotiations, unfair labor practices, political connections, and international outsource savings. In contract, small business owners are beat up every which way they turn. They pay sales taxes when they purchase items to make their businesses run better, or make their jobs easier, and then they are assessed additional taxes by their cities on those same items merely because they possess them.
Long ignored is the fact that small businesses historically pay better average wages than big corporations, and discounted is the fact that employees are typically more satisfied working for a smaller business. There is absolutely nothing done to throw a rope for small businesses in spite of their obvious strength to the economy which has been historically present for over a century!
We’ve heard the saying “money talks.” The current economic crisis is not as a result of Wall Street collapsing, a residential mortgage scandal, or the ineptness of the Federal Reserve. It’s an inevitable manifestation of ignoring the goose the lays the golden eggs. I wonder how much worse things have to get before the REAL talking money gets listened to.
Copyright 2009 Kellene Bishop. All rights reserved.
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