this post was submitted on 07 Apr 2024
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Probably means workers will have to take lower salary, since growth initiatives are lower (partly due to interest rates but also companies losing a lot of the optimism of post-pandemic growth projections).
What we urgently need is low-interest loans for small low-risk businesses to ensure the workers can find work. We don't need to lend billions to large corporations or millions to SME that will employ 5 more workers.
Instead, giving out loans of 10k-100k with near zero interest rate to kickstart, preserve or grow low overhead businesses (hairdressers, plumbers, carpenters, home electricians, physiotherapists, private chefs).