......Small business re-discovered it could do more with less......
This is the money quote. The statement applies across the board to both small and large business. New hires are detrimental and perhaps even mortal
The unnecessary and those who were dead wood have been purged.
True, and there is another dimension to this that never gets discussed: thanks to 40 years of deliberate dumbing down of public schools. the average American worker is now functionally unemployable. Even where there is a little talent, the overweening sense of entitlement that so frequently goes along with it is intolerable to most small business owners - who would rather just work longer hours and do the job themselves.