If Covid-19 cases keep rising in the weeks to come, city and state leaders might reimpose a strict lockdown. They should bear in mind who’d be harmed most by the ensuing economic destruction. From February to April, the number of active black business owners fell 41%, according to an analysis last week from the National Bureau of Economic Research. “This study provides the first estimates of the early-stage effects of COVID-19 on small business owners,” writes Robert Fairlie, an economist at the University of California, Santa...

Source: Wall Street Journal June 14, 2020 20:37 UTC