Jesus Christ!! Nearly One In Four Small Business Owners Went Without Pay Last Year–That’s NO INCOME
“Barack Obama has said the private sector is doing fine.
Tell that to small business owners; a new survey by Citigroup shows that 23% of small business owners have gone more than a year without pay. The study also says that 54% of them have gone without at least one paycheck; 38% of them said their employees had worked overtime without being compensated; and 18% of them had been unable to make a paycheck for their employees at least once.
During recent years, 78% of the owners have taken less profit, 70% have been working more hours, and 69% have used their own funds in order to keep their businesses afloat.”
In other words, as Jay Carney said this week, “The economy has not recovered.”