▲ 933 ▼ Study: Increasing minimum wage does not reduce jobs (www.publicnewsservice.org) submitted 2 years ago by fukhueson@lemmy.world to c/news@lemmy.world 178 comments fedilink hide all child comments
[–] deltreed@lemmy.world -4 points 2 years ago (3 children) It's going to blow your mind to find out how often new businesses fail. permalink fedilink source parent hideshow 6 child comments replies: [–] ShepherdPie@midwest.social 3 points 2 years ago* Are you just spouting our random things thinking it makes your earlier point more valid? permalink fedilink source parent [–] joshhsoj1902@lemmy.ca 2 points 2 years ago (1 child) How many new business fail? permalink fedilink source parent hideshow 2 child comments replies: [–] joshhsoj1902@lemmy.ca 2 points 2 years ago 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 permalink fedilink source parent [–] DragonTypeWyvern@midwest.social 2 points 2 years ago* (1 child) ??? What, exactly, do you think your point is? permalink fedilink source parent hideshow 2 child comments replies: [–] deltreed@lemmy.world 0 points 2 years ago (1 child) 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. permalink fedilink source parent hideshow 2 child comments replies: [–] DragonTypeWyvern@midwest.social 5 points 2 years ago* 😂 "I took a managed risk dischargable in bankruptcy once so I can exploit people forever!" permalink fedilink source parent
[–] ShepherdPie@midwest.social 3 points 2 years ago* Are you just spouting our random things thinking it makes your earlier point more valid? permalink fedilink source parent
[–] joshhsoj1902@lemmy.ca 2 points 2 years ago (1 child) How many new business fail? permalink fedilink source parent hideshow 2 child comments replies: [–] joshhsoj1902@lemmy.ca 2 points 2 years ago 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 permalink fedilink source parent
[–] joshhsoj1902@lemmy.ca 2 points 2 years ago 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 permalink fedilink source parent
[–] DragonTypeWyvern@midwest.social 2 points 2 years ago* (1 child) ??? What, exactly, do you think your point is? permalink fedilink source parent hideshow 2 child comments replies: [–] deltreed@lemmy.world 0 points 2 years ago (1 child) 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. permalink fedilink source parent hideshow 2 child comments replies: [–] DragonTypeWyvern@midwest.social 5 points 2 years ago* 😂 "I took a managed risk dischargable in bankruptcy once so I can exploit people forever!" permalink fedilink source parent
[–] deltreed@lemmy.world 0 points 2 years ago (1 child) 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. permalink fedilink source parent hideshow 2 child comments replies: [–] DragonTypeWyvern@midwest.social 5 points 2 years ago* 😂 "I took a managed risk dischargable in bankruptcy once so I can exploit people forever!" permalink fedilink source parent
[–] DragonTypeWyvern@midwest.social 5 points 2 years ago* 😂 "I took a managed risk dischargable in bankruptcy once so I can exploit people forever!" permalink fedilink source parent