The PPP Loans Screwed Us All, But That’s Not Entirely What Happened
How layoffs happened because the worst save of all tricked us into taking the bait.
Why are companies laying off so many people, right now?
Well, let’s take a look back at the pandemic.
Remember the COVID-19 crisis and how it shook us all?
And then, lo and behold, something called the PPP loan came right after stimulus checks that some found, seriously, laughable.
The Paycheck Protection Program (PPP) came to the rescue of — what we thought — were small businesses suffering under the loss of patrons who used to frequent their establishments.
I felt the pain and angst of every small business owner, especially those in the restaurant and food service industries, as they watched their profits slowly slip away.
PPP seemed like a godsend to those of us who relied on in-person communication and conference speaking events to make a day-to-day living bearable in an otherwise sinkhole of an environmental crisis.
Those companies that, well, already made a living and had their payroll already lined up for their employees — I thought — would just bypass this, saving it for us little guys.
