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Alternative take: More people are able to start their own small businesses providing services because of increased total wealth. The wealth not only provides cl
by WarDores 7y ago
Alternative take: More people are able to start their own small businesses providing services because of increased total wealth. The wealth not only provides clients, but also provides increased access to capital to start said businesses.
- derefr 7y agoThat doesn’t explain rising demand for the services these businesses provide.
- vorpalhex 7y agoMore affordable and convenient. A fitness trainer doesn't have to make their weeks worth of wages in a few hours if they have more clients in general. Also this kind of work no longer requires hiring an entire fronting agency, just a website ad and a cellphone.
- mdorazio 7y agoThe data doesn't really support this unless by "their own small business" you mean effectively 1099 contractors with zero employees forever. See figure 3 in [1]. [1] https://www.census.gov/newsroom/blogs/research-matters/2018/02/bfs.html https://www.census.gov/newsroom/blogs/research-matters/2018/...