New research got my attention and has me asking a lot of questions. The report says small-business employment in the United States ranks next to last among 21 most economically advanced nations, according to the Center for Economic and Policy Research. The nonpartisan research organization in Washington D.C. finds the United States has one of the world’s smallest small business sectors.
The success of American entrepreneurs could be among one of several reasons for the findings.
U.S. small businesses have been more efficient and productive than their counterparts in other industrialized nations. Or other countries have more entrepreneurs-of-necessity? The issue is worth further study since U.S. small businesses have accounted from most of the net job creation for the past 20 years.
Some other findings of the new research include:
☼The United States is among the 3rd lowest in employment by manufacturers with fewer than 20 workers, 11.1% of the workforce
☼The U.S is last in manufacturing at companies with fewer than 500 employees, 51.2% of the workforce
☼U.S small-business computer-related employment is second to last, 32%
☼U.S. R&D employment at small firms is third to last, 25.3%
To learn more and view details of the research click here.