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Cuomo and deBlasio couldn't be happier. deBlasio in particular has been wanting to wipe out NYC small businesses since he was first elected. NYS and NYC were the epicenter of the virus due to Cuomo and deBlasio's politically correct incompetence.
So this takes a 3-4% cut from the businesses if assuming growth in the past two years.
We can survive this even though the absolute number of closures is definitely high.
The question is what will the landscape look like? Many people talk about a different reality with the offices, more people will probably have a flex WFH deal.
What type of businesses will thrive in the coming years ?
I hate how liberals tend to be so pro lockdown, that they're totally fine with all these small businesses dying forever.
Just imagine the idea of Amazon and Google owned bars and restaurants, that sounds terrible. Hopefully Cuomo has at least an ounce of respect for businsess in him so he can start opening up bars and dine in restaurants by next month.
Your link talks about the market which has ups and downs. This thread specifically talks about businesses in NY going out of business because of high costs such as taxes, rents, wages, etc. Two separate things.
So this takes a 3-4% cut from the businesses if assuming growth in the past two years.
We can survive this even though the absolute number of closures is definitely high.
The question is what will the landscape look like? Many people talk about a different reality with the offices, more people will probably have a flex WFH deal. What type of businesses will thrive in the coming years ?
Few will thrive in the following sectors: (1) Airlines (2) Airports (3) Restaurants (4) Delis (5) Bars (5) Ground Transportation (6) Newsstands.
3-7 rely on foot traffic RIP, Massive NYC foot traffic.
Cuomo and deBlasio couldn't be happier. deBlasio in particular has been wanting to wipe out NYC small businesses since he was first elected. NYS and NYC were the epicenter of the virus due to Cuomo and deBlasio's politically correct incompetence.
Not surprising and sad. All those people losing what they worked for. All those employees out of work will have to face a bad economy and millions of applicants. Awful.
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