Small Business, Corporate America Myth

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tiny businesses

Washington Post

•

Business

Business & Economics

Is America still a nation of small businesses?

Summary

Nutrition label

80% Informative

Before the Great Recession , most Americans worked for businesses with fewer than 500 employees.

Today , it’s reversed, with 53 percent of us working for firms with 500 or more workers.

The rule applies across the economy — the smaller the business, the slower the growth.

The authors looked at the sectors that had done the most to stem the decline of tiny-business employment.

The industries in which huge employers added the most jobs included grocery stores and hospitals, but also other fast-growing, super-centralized industries such as dollar stores and employment agencies.

Small restaurants have the biggest job growth of any industry since the late 1970s .

As regulations become more costly in an industry, sales and employment at small businesses fall.

It reminds us of something Mitchell said about tax law: The more complicated it gets, the more it favors the big guys.

The rise of the internet posed another obstacle to small business, Mitchell said.

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity