Small Business Survival: A Tale of Two Approaches

This chapter examines the financial struggles of small businesses in the U.S. amidst the economic downturn, focusing on the Paycheck Protection Program's role in providing crucial aid. It contrasts the U.S. approach with European temporary unemployment schemes, revealing differing impacts on businesses and employees. The chapter highlights both the challenges and successes of financial support initiatives, ultimately reflecting on the pessimistic recovery outlook for these small enterprises.