Mass Small-Business Job Loss — Breaking Points (2‑Minute Summary)
Update: 2025-12-04
Description
A stark ADP report shows small businesses shed roughly 120,000 jobs—an early warning that Main Street is weakening while big firms absorb gains. In this 2-minute summary (original 20 minutes), hosts Krystal Ball and Saagar Enjeti explain the K-shaped recovery unfolding: small firms collapsing even as medium and large employers add workers, nine months of manufacturing decline, and the uneven gains from AI and data-center investment. You’ll learn how tariffs, policy uncertainty, and month-to-month cash constraints are driving layoffs, why concentrated tech growth won’t broadly raise wages, and what industrial policy could look like to spread prosperity. Keywords: small business, ADP jobs, tariffs, AI and automation, manufacturing, industrial policy, macroeconomy, political risk. Listen now to get the key ideas in minutes.
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