In a blink of an eye, small companies are serving as a reliable work-force for the US economy.
The U.S. Economy just found a strengthening leverage for the future.
Employment in small businesses has increased importantly in the past years, making this work source one of the strongest for modern U.S. economy.
According to an SBA (U.S. Small Business Administration) Office of Advocacy report, small business optimism has increased significantly after Donald Trump’s election winning this past November, seeing that over 28.6 million small businesses currently exist in the U.S., rounding-up about 47.8 percent of the nation´s private-sector workforce, a bold statistic that is making big corporations learn from the little guys.
The small business market has been one of the top-growing industries in the U.S. for the past decade, as a total of 56.8 million people living in the United States found employment in small businesses during 2013.
An important fact found in an SBA Economic Research states that the Health Care and Social Assistance (8,515,726), the Accommodation and Food Services (7,712,638) as well as the Retail Trade (5,444,994) are the top three small business industries growing across the United States as there work production is involved.
It has become urgent to act on new legislations or on a re-boot on bipartisan efforts to guarantee the continuous growth of small businesses across the United States as they have meant a push for the employment situation in general, helping raise a 1.9% in employment during the third quarter of 2015.
Since 1970, small business have provided 55% of all jobs and a 66% of all net new jobs in the nation, while since 1982, small businesses have increased their employment up to 49%; these spaces, says the SBA Office of Advocacy Report, occupy 30 to 50% of all commercial space in the U.S., closing in on an estimated 20 to 34 billion square feet, serving also as a great platform for self-employment and a better work-source for immigrants and veteran U.S. citizens, as, surprisingly, veterans and male adults are the United States residents that have made the most out of US Self-Employment in the past years, with 11.5% and 11% respectively of the total of the universe, so, in a sense, small businesses have become a solid market opportunity, but, not only for them, as African-Americans, Asians, Hawaiian, Pacific islanders, and Hispanics are the demographic groups that are more in charge of small business ownerships in modern U.S.
Since 1990, big companies have eliminated 4 million jobs, while the small businesses have added 8 million since the same year, says SBA. Small businesses have beaten some of the greatest corporate strategies we thought we had learned and mastered, and the future holds so much more. Small businesses are making big firms shake, and that had never happened before.