For this week’s celebration of small business week, President Obama is proposing a hiring and wage tax credit to help small businesses. This will help some small businesses, but it won’t help the 88% of small who have fewer than five employees or run their own business.
San Francisco, CA (PRWEB) May 22, 2012
To celebrate National Small Business Week, CAMEO, the California Association for Micro Enterprise Opportunity, supports the truly small businesses that make up 88% of the country’s businesses.
Businesses with five or fewer employees are the new normal. The Bureau of Labor statistics reported in March that the average size of new start-ups was 4.7 employees in 2011 – that’s down from 7.6 employees in the 1990′s. And the share of the self-employed in the labor market is growing more than twice as fast as it did before 2000. Whether it’s the technological gains that allow high productivity or the disappearance of the ‘safe corporate job’, the reality is that businesses are starting smaller (and perhaps staying smaller) and more people want to build their own their own business.
“Last week, Hewlett-Packard announced lay-offs of 25,000. If we want job growth, if we want to solve our long-term unemployed problem, then
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