The lion share of jobs are supplied by small businesses.
Which is why government’s attack on small business during Covid was so disasterous.
Originally conceived by American Express in 2010 and officially cosponsored by the Small Business Administration since 2011, Small Business Saturday has become a staple of the holidays shopping season in the United States.
Founded to support local and independent businesses who have a hard time competing with large corporations on Black Friday or Cyber Monday, Statista’s Felix Richter reports that Small Business Saturday drove an estimated $17.9 billion in spending at independent retailers and restaurants last year, according to the 2022 Small Business Saturday Consumer Insights Survey commissioned by American Express.
“This year, we know that small businesses need our support now more than ever as they navigate, retool and pivot from the effects of the coronavirus pandemic,” the Small Business Administrationwrote to underline the importance of the initiative.
As the following chart shows, small businesses, especially in retail, support millions of jobs in the United States.
https://www.zerohedge.com/personal-finance/small-retailers-support-millions-jobs-us