danielpalos
Diamond Member
- Banned
- #121
A red herring from the right wing? Like inflation, businesses fail all the time. It just happens.Would losing your job be critical? Or substantial?Toddsterpatriot, possibly because the federal minimum wage rate affects upon 32% of USA’s employees wage rates’ range from critical to substantial?I still can't figure out why he cares so much about the bottom 1.5% of hourly workers.
Refer to table 2 on page 10 of https://www.cbo.gov/system/files/2019-07/CBO-55410-MinimumWage2019.pdf . Respectfully, Supposn
Data from the BLS shows that approximately 20% of new businesses fail during the first two years of being open, 45% during the first five years, and 65% during the first 10 years. Only 25% of new businesses make it to 15 years or more. These statistics haven't changed much over time, and have been fairly consistent since the 1990s.
Top 6 Reasons New Businesses Fail
Running your own business may be the American Dream, but it can be difficult for many entrepreneurs. Learn how to avoid common factors leading to bankruptcy.
www.investopedia.com
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