Can we create wikis for small business?

Why should we believe that small business in the US can create enough jobs?

  • It has been suggested that small business is the solution to creating an American middle class. Is there any data to support an argument that small business, can create the numbers of jobs the US requires?

  • Answer:

    I'll give you half-and-answer. There are a lot of empirical models that suggest how Small Businesses in the US can be a much needed catalyst for job growth in the US. However, no one can seem to figure out how to do so effectively and one that is not short-term. With payroll based small businesses in the US numbering 7.5+ Million, even if each and every business hired One permanent employee, you're looking at 7.5 Million people on the payroll out of the 12.3 Million people unemployed. Granted you can never have a 0 number of people unemployed, to get 7.5 Million jobs to be created, there would have to be one heck of a plan. The right approach would of course be without using any government subsidies etc. but so far, that seems like a pipe dream. Even with government subsidies  many pundits claim that the effect would be short-term and perhaps won't kick-start the economy as one might be expecting. Small business (with payroll) are targeted because of their diversity and spread in almost every corner of America. There is a lot of data and constructed models, but none have truly been deployed on a Federal level. I am sure some Economist here on Quora can explain it more in detail. Source: http://www.census.gov/econ/smallbus.html http://www.tradingeconomics.com/united-states/unemployment-rate

Faisal Khan at Quora Visit the source

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