Quote:
Originally Posted by Wes Mantooth
I'm not disagreeing I just honestly don't know how widespread it is. I do know a few people that run small business who are echoing the same thing but its hard to grasp if its just happening in a vacuum or perhaps just one piece of a much larger puzzle thats causing them to fail.
Anyway the more I hear about the more I'm starting to see that its become a major problem that needs to be addressed.
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I don't see your comments as a disagreement. The issue to me is that the folks in Washington should stop and think about the impact small business has on this country and stop with the attacks. Here is a link to the Census Bureau with some stats on small business.
Statistics about Business Size from the Census Bureau
For example in the category of business employing 1 to 99 people - there are about 4.8 million of these firms, employing about 58 million people. There are 3,534 businesses with 2,500 employees or more, they employ 42.8 million. Big business has big influence in Washington, people who run business with fewer than 100 employees get ignored and get the shaft.
Think about it this way, there are 4.8 million small businesses based on the above on the margin of hiring one additional employee, staying with what they have or laying off one employee. In November there were about 15 million considered unemployed. Unemployment could be cut by 1/3 overnight with policy that encouraged each business in this category alone to hire one person!
This is not complicated stuff and I don't have any special knowledge or insight - so what is the deal with the folks in Washington???? Sorry, I am just blowing off steam as I end another year in the hole - two years ago I employed 4 people, 6 including me and my wife, now it is just me and my wife.