One of the great symbols of US spirit has always been its small businesses. It’s one of those myths that seems to carry everywhere including to views of us in other countries. There are two related memes that go along with this mythic American institution that are not borne out by statistics. The first is that small businesses are the source of employment growth in the country. This is not true. Most small businesses that do not fail stay small. The majority of job growth comes from medium to large businesses. Midsize business are far more important. (Data from the BLS.) The second meme is that either too much regulation or uncertainty created by the government is causing depressed job growth. This is simply not true either.
To read the full, original article click on this link: American Entrepreneurship on the Decline … Yet … not for the reasons you’d think « Sky Dancing
