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FSN: The Decline of Self-Employment and Small Business
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
by Charles Hugh Smith
Of Two Minds
Small business is the incubator of employment. As it declines, so too do opportunities for first jobs, second chances and economic independence.
Self-employment and small business are two sides of a single economic coin: financial independence. The Bureau of Labor Statistics (BLS) counts two types of self-employed, the unincorporated and the incorporated. The unincorporated may have employees, but typically do not, i.e. they are sole proprietors. The incorporated have employees, starting with the owner, as the BLS counts the incorporated self-employed as employees of their own corporation.
I know that’s confusing, but it’s important to separate the sole proprietors from those “self-employed” incorporated businesses that have employees: law firms, doctors’ offices, accountants, etc.
Continue Reading at OfTwoMinds.com…
2013-04-22 02:45:36
Source: http://silveristhenew.com/2013/04/21/the-decline-of-self-employment-and-small-business/
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