We tend to look to major corporations to drive the jobs market, but, in fact, small businesses are responsible for about 85 percent of all hiring in the U.S.
They are also the key to economic mobility.
However, over the last 20 years, small business creation has slowed, creating fewer opportunities for some Americans to find a job.
Steve Strongin, Head of Research at Goldman Sachs Global Investments, and I sat down a few weeks ago in his New York City office (yes, that is a police siren you hear in the background later in the podcast!) to talk about why the number of start-ups is on the decline and what it means for the jobs market and job seekers. The subject of college debt came up and it was interesting to learn about its role in the problem.
We hope you enjoy the conversation.
You can find Work in Progress: A WorkingNation Podcast anywhere you get your podcasts. Search Work in Progress and look for our logo.
Episode 107: Small Businesses are Jobs Engines
Host: Ramona Schindelheim, WorkingNation Editor-in-Chief
Producer: Anny Celsi
Executive Producers: Joan Lynch, Melissa Panzer, and Ramona Schindelheim
Music: Composed by Lee Rosevere and licensed under CC by 4.0.