Just when we were wondering whether anyone had anything to add to the job-generation debate, along comes the most recent edition of the Small Business Administration's Small Business Advocate with some interesting (if not exactly groundbreaking) employment statistics:
Â· Start-ups create from two to three times the number of new jobs small-business expansions do.
Â· Small manufacturers accounted for 24% of all employment in that sector back in 1972 but by 1991 accounted for 38% of all U.S. manufacturing jobs.
Â· Given the rapid rate of contraction among businesses of all sizes, U.S. employers have to create 10 new jobs in order to produce one net new job.* * *