fukhueson@lemmy.world to News@lemmy.world · 3 months agoStudy: Increasing minimum wage does not reduce jobswww.publicnewsservice.orgexternal-linkmessage-square179fedilinkarrow-up1949arrow-down115
arrow-up1934arrow-down1external-linkStudy: Increasing minimum wage does not reduce jobswww.publicnewsservice.orgfukhueson@lemmy.world to News@lemmy.world · 3 months agomessage-square179fedilink
minus-squaredeltreed@lemmy.worldlinkfedilinkarrow-up1arrow-down5·3 months agoIt’s going to blow your mind to find out how often new businesses fail.
minus-squareShepherdPie@midwest.sociallinkfedilinkarrow-up3·edit-23 months agoAre you just spouting our random things thinking it makes your earlier point more valid?
minus-squarejoshhsoj1902@lemmy.calinkfedilinkarrow-up2·3 months agoI looked it up and it seems like the survival rate of new businesses is about 78% in the US. https://www.bls.gov/opub/ted/2024/1-year-survival-rates-for-new-business-establishments-by-year-and-location.htm The first year seems to be the hardest and each year after that survival rates get better and better. This data suggests that after 10 years nearly 35% of business are still in business. https://www.bls.gov/opub/ted/2024/34-7-percent-of-business-establishments-born-in-2013-were-still-operating-in-2023.htm
minus-squareDragonTypeWyvern@midwest.sociallinkfedilinkarrow-up2·edit-23 months ago??? What, exactly, do you think your point is?
minus-squaredeltreed@lemmy.worldlinkfedilinkarrow-up1arrow-down1·3 months agoBusiness owners take the risk. Not everyone can start a business and take on that risk. Most aren’t even profitable for years after. That’s my point.
minus-squareDragonTypeWyvern@midwest.sociallinkfedilinkarrow-up5·edit-23 months ago😂 “I took a managed risk dischargable in bankruptcy once so I can exploit people forever!”
It’s going to blow your mind to find out how often new businesses fail.
Are you just spouting our random things thinking it makes your earlier point more valid?
How many new business fail?
I looked it up and it seems like the survival rate of new businesses is about 78% in the US.
https://www.bls.gov/opub/ted/2024/1-year-survival-rates-for-new-business-establishments-by-year-and-location.htm
The first year seems to be the hardest and each year after that survival rates get better and better.
This data suggests that after 10 years nearly 35% of business are still in business.
https://www.bls.gov/opub/ted/2024/34-7-percent-of-business-establishments-born-in-2013-were-still-operating-in-2023.htm
???
What, exactly, do you think your point is?
Business owners take the risk. Not everyone can start a business and take on that risk. Most aren’t even profitable for years after. That’s my point.
😂
“I took a managed risk dischargable in bankruptcy once so I can exploit people forever!”