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Survey: Small Businesses Still Reluctant to Hire

September 22, 2010

Without the small businesses, can the economy improve? Having been laid off from a small company (less than 500 employees) in May, I’ve been paying close attention to the small businesses and how they are holding up in this tough economy. So, can the economy improve without small businesses feeling confident? 

That’s a good question in light of a survey by office product supplier, Office Depot, which found that 81 percent of small business owner respondents said they had no plans to hire within the next six months, citing reasons such as higher health care costs (18 percent), fear of higher taxes in 2011 (15 percent), lack of available credit (14 percent), and continued economic uncertainty (14 percent).

What do you think? Does the economic recovery pick up when and if the small businesses feel secure that the economy is improving? Post your thoughts here…

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