Shake Shack Is Not the Problem
Shake Shack, Ruth’s Chris Steak House, and other big companies are getting millions in government loan money while mom-and-pops go broke. But whose fault is that?
In March, Congress passed a small-business bailout known as the Paycheck Protection Program, or PPP. The noble goal of the $350 billion program was to lend just about every endangered small and medium-size company enough money to cover two months of payroll and operations. Even better, that loan would be forgiven if those companies didn’t lay off their workers.
But within two weeks, the
