posted on Jul, 31 2013 @ 12:56 AM
reply to post by NOTurTypical
Everything depends on how you take the definition of small business.
In the study used:
Small business 1-9 workers & it was raised to 50, although the picture did not change much.
By these statistics we can say that 52,7% of Americans worked for companies which employed more than 250 employees.
You were making the cutoff at 500 employees. I do not know about US standards for small business, although if 500 was the cutoff point, in nearly all
countries in the world the small business sector would make 99% of the economy. A company with 500 employees is not a small business. In my opinion a
maximum of 50 should be the cutoff point, after that point the company is not a small business any more. I personally prefer how its done in Oz, any
company which has under 15 employees is a small business, even 50 is too much to get a clear overview.
I do not know about US standards, but in EU:
10-50 small business
50-249 medium business
250-1000 large business
Please do not shout false, before even reading the source. Both of these studies were correct, the classifications of a small company varied.
PS. Found the US business size standards. Companies with under 250 employees (which is very odd in my opinion) are considered small businesses. By
these standards still under 50%, 47,3% of people worked for small companies in 2007
edit on 31-7-2013 by Cabin because: (no reason given)