The Real Drivers of Growth Aren't Small Businesses—They're New Businesses

A graphical antidote to political hype
More

Small businesses accounted for 64 percent of the net new jobs created in the U.S. between 1993 and 2011—impressive, right? Not when you consider that, because the federal government classifies any privately owned business that employs fewer than 500 people as “small,” 99.7 percent of employer firms qualify as such. Despite what you hear on the campaign trail, small business is not key to American economic expansion. What we should be encouraging instead is a very particular kind of new business.

Jump to comments
Presented by

Nicole Allan is a former senior editor at The Atlantic.

Get Today's Top Stories in Your Inbox (preview)

What Crazy Tech Idea Could Become Real?

"There could be great intelligence enhancements, like infinite memory."


Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus

Video

A Time-Lapse of Alaska's Northern Lights

The beauty of aurora borealis, as seen from America's last frontier

Video

What Do You Wish You Learned in College?

Ivy League academics reveal their undergrad regrets

Video

Famous Movies, Reimagined

From Apocalypse Now to The Lord of the Rings, this clever video puts a new spin on Hollywood's greatest hits.

Video

What Is a City?

Cities are like nothing else on Earth.

Video

CrossFit Versus Yoga: Choose a Side

How a workout becomes a social identity

Video

In Online Dating, Everyone's a Little Bit Racist

The co-founder of OKCupid shares findings from his analysis of millions of users' data.

Writers

Up
Down

More in Business

More back issues, Sept 1995 to present.

Just In