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> Being an employer (small medical business, 10ppl) This may not be an edge case in terms of # of employers that fit your description, but is very likely an ed
by singlepaynews 2y ago
> Being an employer (small medical business, 10ppl)
This may not be an edge case in terms of # of employers that fit your description, but is very likely an edge case in terms of # of employees with an employer that fits your description.
You’re the exception that proves the rule.
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Edit: Looking into it more, the margin is closer than I assumed; ~half of employees work for a “small business”, that term meaning <500 employees (1). Of those, ~80% are for a “small business” with <10 employees (2).
1: https://advocacy.sba.gov/2023/03/07/frequently-asked-questions-about-small-business-2023/#:~:text=Most%20businesses%20are%20small%2D%2099.9,46.4%25%20of%20private%20sector%20employees https://advocacy.sba.gov/2023/03/07/frequently-asked-questio....
2: https://www.pewresearch.org/short-reads/2024/04/22/a-look-at-small-businesses-in-the-us/#:~:text=Despite%20their%20name%2C%20small%20businesses,private%20sector%20employment%20(46%25) https://www.pewresearch.org/short-reads/2024/04/22/a-look-at....
So you’re representing the majority of half the employment marketplace. That said I’d still argue that conversations about labor relations are focused on the subset of companies with many hundreds, thousands, and/or hundreds of thousands of employees.
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Interestingly, the majority of small business revenue is generated by the extreme minority of small businesses—per (2), the “small businesses” with >50 employees (so, 50<employees<500) represent just 3.3% of “small businesses”, but generate 53% of the revenue among all “small businesses”
- jstummbillig 2y agoInteresting. Thanks for taking the time and sharing!