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New Study Says the US Has One of the Lowest Small Business Sectors

Aug 04, 2009

A recently published study by the Center for Economic and Policy Research indicates that, contrary to popular belief, the US is not the hotbed of small business opportunity that many think it is.  According to the study which can be found here:  http://www.cepr.net/documents/publications/small-business-2009-08.pdf), "by every measure of small-business employment, the United States has among the world's smallest small-business sectors (as a proportion of total national employment)."



The study goes on to say that the US may have a lot to learn from other advanced economies about how to promote and sustain small-business employment.  The authors also go on to surmise that part of the reason for the US's short-fall may be due to the lack of universal health care access.  They believe that this is because the high cost of health care coverage for self-employed and small businesses acts as a deterent for people to start or stay in small business.

 

Interesting study and even more interesting conclusions.  What do you think?



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Mike Lambert

Mike Lambert is the manager of the Wyoming Market Research Center in Laramie, WY.


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