The Great Resignation? More Like the Great Renegotiation

Re:The Great Resignation? More Like the Great Renegotiation by howmayiannoyyou on Tuesday January 25, 2022 @12:07PM (#30074403)

> I figured the pandemic cleared out most of the small businesses that would have failed within five years anyway

PPP and SBA loans kept these companies alive. The bill hasn't come due yet. This is what people don't understand.

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Re:The Great Resignation? More Like the Great Renegotiation by cwkoss on Tuesday January 25, 2022 @01:57PM (#30076287)

I think most of those funds got sucked up by the legally savvy before most small businesses got a piece.

There are a LOT of stories online of companies taking the money and posting fake job ads where they never hire people while laying off a significant portion of their workforce. I think there are a lot of games being paid to get PPP forgiveness by companies that don't deserve it.

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Re:The Great Resignation? More Like the Great Renegotiation by thebean11 on Tuesday January 25, 2022 @12:46PM (#30075102)

Aren't PPP loans fully forgivable if you met certain requirements? There shouldn't be any bill for most businesses.

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Re:The Great Resignation? More Like the Great Renegotiation by howmayiannoyyou on Tuesday January 25, 2022 @03:59PM (#30077938)

No, the point is the PPP money kept uncompetitive businesses alive that should have failed. The bill that hasn't come due: their failures.

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Re:The Great Resignation? More Like the Great Renegotiation by thebean11 on Tuesday January 25, 2022 @04:15PM (#30078150)

So not a literal bill, got it

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Re:The Great Resignation? More Like the Great Renegotiation by polski-g on Tuesday January 25, 2022 @02:37PM (#30076873)

If you used them for payroll, they were free money.

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