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That's 10s of millions of small companies hiring half the people. The point being there's plenty of people in America becoming "owners of the factory".
by manigandham 7y ago
That's 10s of millions of small companies hiring half the people. The point being there's plenty of people in America becoming "owners of the factory".
- LunaSea 7y agoYour small companies hire up to 500 people which is nowhere small. Also, it's not because a company is small that the owners are small time business people. The owners might be independently wealthy.
- manigandham 7y agoWhy don't you look at the actual data: Firms with fewer than 100 workers accounted for 98.2 percent, and firms with fewer than 20 workers made up 89.0 percent. [1] The vast majority are small companies with single-digit employee counts. Add in independent contractors and it's even more skewed. Being an entrepreneur means getting things done with what you have. You don't need to be wealth and instantly go from 0 to 1000 employees. Most people start with modest means and build up from there. 1. https://sbecouncil.org/about-us/facts-and-data/ https://sbecouncil.org/about-us/facts-and-data/
- LunaSea 7y agoWrong. 80,5% of all SMEs don't employ anyone (nonemployer firms). So not only do most Americans do work for multinational companies (53%) but on top of that, 80,5% of the ones working in SMEs are themselves the owners and don't have any employees to speak of. Which leaves a whopping 19.5% of American SMEs which actually employ workers. So you're dead wrong. cf: https://www.sba.gov/sites/default/files/advocacy/2018-Small-Business-Profiles-US.pdf https://www.sba.gov/sites/default/files/advocacy/2018-Small-...