Small business comes up a lot these days as an engine of growth and job creation. I did a little research to see what I could find. Not meant to be a criticism of any kind, just food for thought.
The link below provides a little clarification on what is a "small business" and their role in job creation. It would appear there is much more than meets the eye to that subject.
A few quotes for those who might not click the link:
"small businesses destroy almost as many jobs as they create"
"The U.S. Small Business Administration counts companies with as much as $35.5 million in sales and 1,500 employees, depending on the industry"
"These “pass-through” entities include sole proprietorships, partnerships, limited liability companies and S corporations. Some of them are very profitable, but a large number aren’t what most of us would consider a small business, such as a dry cleaner or coffee shop"
"many businesses counted as small aren’t engaged in traditional small-business activity. Instead, they are
partners in
hedge funds, law firms and private-equity shops, or they are highly paid actors, athletes, speakers and authors"
"recent economic research
shows that small companies play no greater role in
job creation than large ones do. What matters more is age: New businesses account for the biggest share of job gains. Those companies tend to be small yet unprofitable."
Small Business Is Not a Job Engine - Bloomberg