When Democrats began demanding that businesses close down for the COVID-19 pandemic, they were warned that they were effectively signing the death warrants of mom and pop shops and other vulnerable organizations. But thanks to the uproar, millions across the country found themselves laid off with their places of employment shuttered. Now, 60 percent of businesses that closed for COVID are permanently gone despite all-too-late reopening efforts.
On Wednesday, Yelp released its Economic Impact Report, which showed the impact restrictive and draconian COVID measures had on businesses — and it’s not good. CNBC reports:
As of Aug. 31, some 163,735 businesses have indicated on Yelp that they have closed. That’s down from the 180,000 that closed at the very beginning of the pandemic. However, it actually shows a 23% increase in the number of closures since mid-July.
In addition to monitoring closed businesses, Yelp also takes into account the businesses whose closures have become permanent. That number has steadily increased throughout the past six months, now reaching 97,966, representing 60% of closed businesses that won’t be reopening.
“Overall, Yelp’s data shows that business closures have continued to rise with a 34% increase in permanent closures since our last report in mid-July,” Justin Norman, vice president of data science at Yelp, told CNBC.
Yes, you read that right — 6 out of every 10 businesses that closed due to the pandemic won’t be opening their doors again. Norman says that “home, local, professional and automotive services have been able to withstand the effects of the pandemic better than other industries,” but everyone else is suffering.
We warned Democrats that this would happen, but that didn’t stop Fauci, Pelosi, and the rest of the leftist “cancel America” squad from insisting that we handle things in the worst way possible. Now, COVID is still killing people every day — but the biggest victim may be the American economy.