People-less Businesses

Thursday, January 25, 2007 | No comments

From Paul Kedrosky, an interesting statistic:

Personal businesses are a surprisingly large part of the American economy. According to the U.S. Census Bureau, at the end of 2004 almost 20 million Americans operated businesses with no employees. Businesses without a payroll make up over 70% of the nation’s businesses, and almost one million new businesses without payrolls were added in 2004 (the latest available data).

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