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(Salon)   Small business, we love you and everything, but you're *NOT* the backbone of this economy   (salon.com) divider line 17
    More: Interesting, Get It Straight, Jared Bernstein, names of large numbers, chief economist, passions, National Federation of Independent Business  
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3483 clicks; posted to Business » on 20 Jul 2012 at 10:10 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-07-20 10:32:17 AM
Ugh, looks like the corporatists installed in labor by Bush and burrowed in are at it. They split the 'small business' category into two and compare it against all larger businesses. And then plot against a minimum 20,000 to exaggerate the difference. Then a hack at Salon picks it up and writes this crap.
.
 
2012-07-20 10:33:43 AM
Isn't Salon ready to go out of business yet? I don't think It's ever made any money.
 
2012-07-20 10:38:44 AM

Bacontastesgood: Ugh, looks like the corporatists installed in labor by Bush and burrowed in are at it. They split the 'small business' category into two and compare it against all larger businesses. And then plot against a minimum 20,000 to exaggerate the difference. Then a hack at Salon picks it up and writes this crap.
.


Yep I like how his numbers disproved his point but putting one group in "firms" and "establishments" somehow negates the fact that both are BUSINESSES.
 
2012-07-20 10:40:48 AM
My .biz site that sells "One Big Ass Mistake America" bumper stickers is the foundation upon which this great country is built.
 
2012-07-20 10:49:27 AM
Derp.
 
2012-07-20 10:54:35 AM
I then went next door to a UPS outlet, where one employee was at work. But that doesn't make UPS a "small business."

UPS Stores are franchises.. making them... yes you guessed it. How can you trust anything he writes after that?

Also, the number that matters: growth from startups, not established businesses. He even admits that but tries to obscure it: "Small startups that survive and grow have been found to be key contributors to job growth". Yeah, that's what everybody means, not that your corner florist is going to triple his staff this year.
 
2012-07-20 11:50:37 AM
Didn't read TFA, but in general this sentiment is correct. Politicians of both parties blow small businesses for some farking reason.

They're the biggest tax cheats - larger corps are subject to greater compliance scrutiny and individuals don't have the same opportunities to cheat.

Small business can cheat easily and there's no way to prevent it- you're basically relying on the honor system.
 
2012-07-20 11:55:00 AM
Wait, so if I dump the $60K into a UPS franchise fee, go find financing for the remainder of the startup fees, and hire the dozen or so people it takes to run it, I'm now a big business? Because UPS?

Sweet!

/ Author is a retard.
 
2012-07-20 11:59:15 AM

verbaltoxin: Bacontastesgood: Ugh, looks like the corporatists installed in labor by Bush and burrowed in are at it. They split the 'small business' category into two and compare it against all larger businesses. And then plot against a minimum 20,000 to exaggerate the difference. Then a hack at Salon picks it up and writes this crap.
.

Yep I like how his numbers disproved his point but putting one group in "firms" and "establishments" somehow negates the fact that both are BUSINESSES.


The point of the post is in the first paragraph, as it often is. We make policy decisions based on differences between BUSINESSES, and we'd better be careful how we define those differences. All the BLS is doing by providing a new data series is clarifying some implications of those definitions. But you don't want clarity; you want your talking points.
 
2012-07-20 12:05:23 PM

Rent Party: Wait, so if I dump the $60K into a UPS franchise fee, go find financing for the remainder of the startup fees, and hire the dozen or so people it takes to run it, I'm now a big business? Because UPS?

Sweet!

/ Author is a retard.


No, you're not a big business. But you're also not the same thing as a person who starts a small carrier- not in the personal risk you assume, and not in the local economic impact you have. It's that difference that is worth measuring.

/You'd be more like a sharecropper than a "businessman", anyway.
 
2012-07-20 12:47:36 PM
Salon, US version of The Daily Fail?
 
Kiz
2012-07-20 03:26:40 PM
Remember, according to the Republican party, a "small business" is a giant multinational firm owned by a single family. Won't you think of the poor, suffering Walmart clan?
 
2012-07-20 04:17:31 PM
Small business, we love you and everything, but you're *NOT* the backbone of this economy

SO MUCH THIS.

Small businesses are about as stable as a tsunami-struck Japanese nuclear reactor. That is, they aren't.

They're more likely to screw with workers than larger businesses, and pull political stunts with HR & contracting.
 
2012-07-20 06:18:21 PM

Kiz: Remember, according to the Republican party, a "small business" is a giant multinational firm owned by a single family. Won't you think of the poor, suffering Walmart clan?


Or the Hershey and Heinz families.
 
2012-07-20 08:24:00 PM
Actual small businesses report everything, just ask your drug dealer if you can see their tax returns.
 
2012-07-20 08:29:47 PM
ETHICAL small businesses ARE the backbone of this economy. Our economy grows with small business. Our economy has continued to increase corporate power (sometimes through DIRECT LEGAL ACTION but usually through various legal loopholes) and continued to cripple small business, and our economy is going down the shiatter.

Of course, let's be honest, when I think of "small business" I'm thinking of the independent shop that a person owns and by which they attempt to make a living. I'm NOT talking about the business your family inherited to you, along with a few million dollars, where you have ten employees to who you're paying minimum wage (or less if you're in Texas) for 20 hours a week, offering no health care plan (or one that literally costs MORE than each part-time employee's take-home pay), and certainly providing no benefits to those who prove they're more profitable (basically keeping all management "within the family"). When I speak of a small business, I'm not talking about the people who know how to grift a dollar out of an unsuspecting victim, including the government, the elderly, and those who don't know any better. I'm talking about the entrepreneurs who helped build this economy, and those who want to move it into the 21st century (in a sense that it can actually exist into the 22nd century... at this rate, we won't make it) by combining profits with pragmatism, like the owner of a Seattle hamburger stand who offers college scholarships for teenage employees.

Relatively speaking, noting that many people with small "businesses" have incomes that are so small that they're not considering incorporation, I'd rather have 50% of the population ATTEMPTING to start their own business than working at WalMart, WalMart has done a bit worse for the financial direction of this country than the guy who does in-home computer repair down the street from my father's house.
 
2012-07-22 01:21:46 AM
Neither big nor small business are the backbone. Neither is motivated to create a single job unless a consumer with a little free cash wants their services. The backbone is low and middle class people with some spending money.
 
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