What could happen to employees if small businesses close?

If small businesses close, one of the most immediate and significant consequences is that employees who worked there may become unemployed. This occurs because the jobs that were provided by these small businesses no longer exist, leaving the employees without a source of income or employment.

Unemployment can create a ripple effect, influencing not just the individuals affected but also the local economy. When employees lose their jobs, they may have less disposable income to spend on goods and services, which can further impact the community and other businesses. This scenario highlights the reliance of many individuals and families on small businesses for their livelihoods and the broader implications of business closures on the workforce.

While other outcomes, such as finding better jobs or starting their own businesses, could happen, the immediate and direct impact of closing small businesses is unemployment for the employees who depended on them.