January 16, 2015 at 1:00 am #34655January 16, 2015 at 9:49 am #34668
In a stunning Tuesday report, Gallup CEO and Chairman Jim Clifton revealed that “for the first time in 35 years, American business deaths now outnumber business births.”
Clifton says for the past six years since 2008, employer business startups have fallen below the business failure rate, spurring what he calls “an underground earthquake” that only stands to worsen as lagging U.S. Census data becomes available.
“Let’s get one thing clear: This economy is never truly coming back unless we reverse the birth and death trends of American businesses,” writes Clifton.
Indeed, the numbers are striking. Contrary to the oft-cited 26 million businesses in America figure, Clifton says 20 million of these so-called “businesses” are merely companies on paper with zero workers, profits, customers, or sales. In reality, America has just 6 million businesses with one or more employers–3.8 million of which have four or fewer employees. In total, these 6 million U.S. companies provide jobs for more than 100 million people in America.
Of the 2.2 million job-creating companies with five or more workers, the numbers break down accordingly:
There are about a million companies with five to nine employees, 600,000 businesses with 10 to 19 employees, and 500,000 companies with 20 to 99 employees. There are 90,000 businesses with 100 to 499 employees. And there are just 18,000 with 500 employees or more, and that figure includes about a thousand companies with 10,000 employees or more. Altogether, that is America, Inc.
The Gallup CEO says the numbers paint an ominous portrait of America in a dire state of decline.
“I don’t want to sound like a doomsayer, but when small and medium-sized businesses are dying faster than they’re being born, so is free enterprise,” says Clifton. “And when free enterprise dies, America dies with it.”January 16, 2015 at 1:47 pm #34673
It all depends on how bad the collapse of the dollar is, if the dollar collapses to zero then you will see SHTF times. Argentina had a 66% lose not a total lose. Also depends if there is no food for a long time and the banks do not open because the dollar is now zero value there is no money there.
So yes depends on the collapse. Argentina didn’t have over $18 Trillion dollars in debt. By the end of this year the U. S. maybe at $20 Trillion.
Russia is now go though what Argentina when though but it is not a total collapse so Argentina didn’t go though a total collapse. 66% is not a total collapse, more of a devaluation of the money.
I believe the U. S. collapse of the dollar will be a collapse of many countries in the world, way much bigger than what happen in Argentina.
Also Argentina population doesn’t have guns like we do. We will have crime 1,000 times higher and civil unrest all over the country.January 16, 2015 at 2:18 pm #34675
One thing is certain, our cities that have high crime rates now will explode.January 16, 2015 at 2:42 pm #34677
Anyone that doesn’t store food and water(city or rural) will do whatever it takes to stay alive. I do not see many safe places. Rural and small towns maybe safer if it is an EMP attack but just a economical collapse then no place is safe. The people in the cities will get in there cars and drive out of the cities by the millions.January 16, 2015 at 4:46 pm #34689
Part of the issue is each layer of new regulation that gets added makes it all the harder to start and maintain a business. I’m following a story not far from me where State regulators want developers that had been permitted 5 years ago but didn’t build due to the downturn in the economy to go through the permitting process again now that they are ready to build, but with slight changes to the plan. At issue is the State changed their regs in the ensuing 5 years to discourage what they see as sprawl. The regulators are seizing upon the fact that they made slight changes to the plans. This new development will have the same footprint as the original plan and will have the same road access. More importantly it will be wedged between an existing large shopping plaza on one side, a large car dealership on the other side, and across the road from a mall. Filling in that spot hardly constitutes adding to sprawl but the anti-development regulators are now forcing the developers to spend a ton of money on the legal battle. Nobody will ever want to use that lot for anything other than commercial development.
It is death by a thousand cuts, and the do-gooders behind this regulatory onslaught think they are somehow preserving the environment and building a better society. Instead they are stifling the economy.
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