U.S. Small Business is......small

Contrary to public perception, America's small business is actually....small. From a new CEPR press release on their small business in the United States study:


The study, “An International Comparison of Small Business Employment,” reviews the most recently available, internationally comparable data from the Organization for Economic Cooperation and Development (OECD) to measure the share of small businesses in 22 rich democracies. The report finds:

  • The United States has the second lowest share of self-employed workers (7.2 percent).
  • The United States has among the lowest shares of employment in small businesses in manufacturing - only 11.1 percent of the U.S. manufacturing workforce is in enterprises with fewer than 20 employees. Eighteen other rich countries have a higher share of manufacturing employment in small enterprises, including Germany (13.0 percent), Sweden (14.4 percent), and France (18.0 percent).
  • U.S. small businesses are particularly weak in high-tech. The United States, for example, has the second lowest share of computer-related service employment in firms with fewer than 100 employees and the third lowest share of research and development related employment in firms with fewer than 100 employees.

"In the rest of the world, entrepreneurs who want to start a new business don't have to think twice about where they and their employees will get health insurance," said Schmitt. "In the United States, talented people thinking about starting a new business often have to choose between following their dream or going without health insurance."


Might have also added competing with outsourcing firms grabbing contracts and undercutting any possible wage, or large corporations refusing to deal with small businesses located in the United States and on an on...but that's just me.

Assuredly this is not too good. We need jobs, badly and it seems at every turn.....America job creation engines are running on fumes.

Huge hat tip to Manufacture This for bringing this study to attention.

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