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-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
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