Sizing Up the Small-Business Jobs Machine

No one knows when the economy will improve, but this article implies that small businesses may play a vital role in the recovery

Author:  Carl Bialik

Source:  The Wall Street Journal, October 15, 2011

Praise of small businesses as the engine of the American economy is as much a part of political campaigns as bus tours, small-town diners and recycled stump speeches.  This week, no fewer than five of the eight Republican presidential candidates participating in a debate in Hanover, N.H., spent time talking about the importance of small businesses. No wonder, given that politicians through the years have credited small businesses with creating anywhere from 60% to 80% of new jobs.

So, do small businesses deserve their job-generating reputation? In short, yes.

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