23% of Small Business Owners Went a
Year Without Pay and Obama is Happy About It
Godfather Politics –
“Keeping businesses
afloat has required sacrifices on the part of both employer and employees, the
survey found. Over the past few years, business owners report that they have, at
one time or another, taken less profit (78 percent), worked more hours than
usual (70 percent), and used their own money to help the business survive (69
percent).
“But
what is most revealing is that the majority of respondents — 54 percent — say
they have gone without a paycheck in order to keep the business running. And
nearly one-quarter (23 percent) have gone without pay for one year or
more.
Employees, too,
sacrificed finances for their employers. More than one-third of owners (38
percent) said their employees worked overtime without pay; 18 percent said
employees either missed paychecks or had paychecks
delayed.”
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