The Washington Post reports that the number of working Latino business owners dropped 32 percent from February to April, while the number of Asian business owners decreased by about a quarter.
Immigrant business owners were also deeply affected, with their numbers shrinking by 36 percent, according to the data from monthly nationally representative surveys by the Census Bureau and the Bureau of Labor Statistics.
One reason for the uneven toll, according to Fairlie’s analysis: Minority-owned businesses tend to occupy parts of the economy most shaken by the coronavirus and the shutdown orders states have embraced to combat it. High shares of African American-owned ventures, for example, are in industries such as beauty salons, taxi services and day-care centers that have had to close or have faced precipitous drops in demand.
Latino Educational Training Institute
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Minority business income, ownership crashing in wake of Covid-19
rees - May 25, 2020, 12:27 PM
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