Friday, July 01, 2011

Why So Few Americans Are Self-Employed

Only 7 percent of American workers are self-employed, a figure that has been trending downward for decades. The new Federal Reserve Bank of Boston study, Self-Employment in the Global Economy, might explain why. According to the study's findings, the greater the exposure to foreign competition the lower the level of self-employment. This holds true across different countries and even in different industries within the United States.

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