Economy
See other Economy Articles
Title: Chart of the Day: The Death of Small Businesses
Source:
Mother Jones
URL Source: http://motherjones.com/kevin-drum/2 ... art-day-death-small-businesses
Published: May 30, 2011
Author: Kevin Drum
Post Date: 2011-06-08 10:48:36 by lucysmom
Keywords: None
Views: 2966
Comments: 4
Like me, you've probably been hearing for years that small businesses are the engine of job creation in the United States. But that's an outdated view. The number of new startup businesses has declined sharply since the beginning of the recession, while the number of jobs created by startup businesses has been declining for over a decade. As this chart from the BLS shows, the number of jobs created by new businesses peaked in 2000, began declining at the start of the Bush administration, and has been plummeting ever since: The number of new establishments for the year ending in March 2010 was lower than any other year since the series began....The number of jobs created by establishments less than 1 year old has decreased from 4.1 million in 1994, when this series began, to 2.5 million in 2010. This trend combined with that of fewer new establishments overall indicates that the number of new jobs in each new establishment is declining. ....The number of jobs created from establishment births peaked in the late 1990s and has experienced an overall decline since then. The decrease in birth-related employment during the latest recession is the largest in the history of the series, followed closely by the period of “jobless recovery” after the 2001 recession. Since the recession began in 2008, the biggest net generator of jobs has been neither small businesses nor large businesses. It's been medium-sized businesses.
Post Comment Private Reply Ignore Thread
Top • Page Up • Full Thread • Page Down • Bottom/Latest
#1. To: Badeye, A K A Stone, hondo68, Fred Mertz, Godwinson, go65, war, no gnu taxes, Skip Intro, ferret mike, jwpegler, brian s, mcgowanjm, Capitalist Eric, Mininggold (#0)
Hmmm - what's going on here? Maybe them job creating tax cuts have had just the opposite effect...
It is our responsibility to protect that child once that child’s born too. When we start debating a budget, let’s make sure we don’t cut 100,000 vaccines. Let’s make sure we’ve got health insurance. We seem to worship what we cannot see, but as soon as that baby’s born, oh no, we don’t want to be intrusive. Texas is going to shrink government until it fits inside a women’s uterus. Senator Leticia Van de Putte
Only a liberal could suggest this. Goofy indeed.
Proxy IP's are amusing.....lmao
The economic facts I give to you and your ilk- functionally illiterate, when it comes to the subject of economics- sink in as much as a discussion of Shakespeare, to someone who can't read or write. So just STFU.
List of those unable to think: Bumper sticker on DwarF's car: Certainly you don't think there are any economic facts in your post.
It is our responsibility to protect that child once that child’s born too. When we start debating a budget, let’s make sure we don’t cut 100,000 vaccines. Let’s make sure we’ve got health insurance. We seem to worship what we cannot see, but as soon as that baby’s born, oh no, we don’t want to be intrusive. Texas is going to shrink government until it fits inside a women’s uterus. Senator Leticia Van de Putte
The number of jobs created by establishments less than 1 year old has decreased from 4.1 million in 1994, when this series began, to 2.5 million in 2010. This trend combined with that of fewer new establishments overall indicates that the number of new jobs in each new establishment is declining.
#2. To: lucysmom (#1)
Maybe them job creating tax cuts have had just the opposite effect...
#3. To: lucysmom (#1)
mcgowanjm, ferret mike, skippy, fartboy/yukko, white sands, bucky, lucys idiot mom, e_type_jackoff, go56, badlie, wreck, calCON, mininggold, war, Banjo Boris, Biff, Godwinson and meguro. If you're on the above list, you're too fucking stupid to hold a real conversation.
#4. To: Capitalist Eric (#3)
The economic facts I give to you and your ilk- functionally illiterate, when it comes to the subject of economics- sink in as much as a discussion of Shakespeare, to someone who can't read or write.
Top • Page Up • Full Thread • Page Down • Bottom/Latest
[Home] [Headlines] [Latest Articles] [Latest Comments] [Post] [Mail] [Sign-in] [Setup] [Help] [Register]