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This is demonstrably untrue. Looking at the official docs here: https://www.sba.gov/sites/default/files/advocacy/2018-Small-Business-Profiles-US.pdf https://ww
by KaiserPro 7y ago
This is demonstrably untrue.
Looking at the official docs here: https://www.sba.gov/sites/default/files/advocacy/2018-Small-Business-Profiles-US.pdf https://www.sba.gov/sites/default/files/advocacy/2018-Small-... for the US and here: https://researchbriefings.files.parliament.uk/documents/SN06152/SN06152.pdf https://researchbriefings.files.parliament.uk/documents/SN06... for the UK (both are PDFs)
In the USA for the first quarter of 2016, there were 240,000 new companies. So just million in a year, assuming that trend. Also, that is all companies, including those with no employees
in 2016 for the UK in the whole year, there fore 416,000 new businesses, all of which had at least one registered employee.
The USA, in 2016 only created twice as many companies compared to the UK.
Given the gulf between population _and_ economy, I would say the US is significantly underperforming compared to the UK
- jacquesm 7y agoThe UK and quite a few other places require gig economy operators to register as an independent business.
- pjc50 7y agoI don't think that applies to this stat, though; gig economy workers are required to register as self-employed for tax and NI purposes, but that's not the same thing as being a business, which I think in those stats requires one of VAT (turnover higher than a threshold of £85k) or PAYE (employing someone else).
- KaiserPro 7y agoA sole trader is not the same as a limited company.
- vonmoltke 7y agoThe US number is only counting businesses with at least one employee (owners are not employees, even if they work day-to-day), and may only be counting businesses that incorporate, or are formed via articles of organization. The source is unclear. As someone else noted, the UK number also leaves out certain types of businesses. Therefore, I can't tell that this is actually comparing apples to apples.