Oct 1 • General discussion
Don't get a job, start a business
A Tale of Two Workforces: A Look at Business Owners vs. Employees in the U.S.
In the United States, a significantly larger portion of the population holds a job as an employee compared to those who own a business that employs others. Recent data reveals a stark contrast between these two segments of the American workforce.
Approximately 2.25% of the U.S. adult population owns a business with employees. This figure is derived from the approximately 6 million firms with paid employees operating in the country, when compared against the estimated 267 million adults in the United States. These businesses form a critical component of the economy, creating jobs for a vast number of people.
In sharp contrast, about 61.2% of the adult population is employed, representing roughly 163.4 million individuals. This majority segment of the workforce is comprised of those who earn wages or salaries by working for public and private employers.
This data underscores the differing scales of business ownership and traditional employment in the U.S. While the number of entrepreneurs who both own and staff a business is substantial, the overwhelming majority of the American workforce consists of employees.
It is also important to note that the landscape of business ownership is broader than just those who employ others. There are an estimated 33.2 million small businesses in the U.S., the vast majority of which are non-employer businesses, often referred to as sole proprietorships. These individuals are self-employed and contribute to the economy in a different capacity.
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Don't get a job, start a business
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