America's mayors are right to support small business
6 days ago
- #economic-mobility
- #urban-policy
- #small-business
- Mayors like Zohran Mamdani and Daniel Lurie are advocating for policies that support small businesses, including reducing fines, simplifying permits, and increasing funding.
- Small businesses are seen as vital for the middle class, urban revitalization, and as a ladder for immigrant upward mobility.
- Despite being less efficient than large chains, small businesses contribute to political-economic balance and urban livability.
- Japan's extensive support for small businesses highlights their role in employment and middle-class stability.
- Small business ownership is linked to faster upward mobility and is a key constituency for capitalism.
- The political leanings of small business owners tend to favor right-leaning parties due to regulatory experiences.
- Urban benefits of small businesses include increased commercial density, which enhances city living and social interaction.
- The debate on small businesses' impact on economic growth shows mixed results, with potential for increased productivity through deregulation.