Conclusion

=  Conclusion﻿   =

Countering this optimistic view are other economic opinions claiming that while entrepreneurship may increase the job creation, it is unlikely to lead a recovery because it will not result in much new hiring of workers. Entrepreneurial businesses rarely hire more than one or two people, they point out and it is true. But it seems to me, however, that these are not opposing views, but examples of the changing nature of the labor force from employment to self-employment, a reversion in a sense to the US employment picture when most Americans were self-employed or operated businesses of some sort. Under old scenarios, recovery was measured by how many people were “employed” by companies. But new measures might have to look at how many people are employed by themselves. Under that measure, the millions of Boomer entrepreneurs who are moving into the marketplace will likely rapidly boost “employment” numbers.