Call me an optimist, but it is always of interest to see where “experts” believe the recovery will begin. This information comes from the Herman Trend Alert and seems to make simple sense to me: When considering where the new jobs will come from, remember that there are two kinds of small businesses: those without employees (or non-employer businesses), and those with paid employees (or employer businesses). The US Small Business Office of Advocacy estimates that in 2008 there were 23.1 million non-employer and 6.1 million employer businesses. When the economy struggles, the number of non-employers tends to increase at higher rates, while the number of employer businesses stagnates or… Read More
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