US Census data* shows that over 5 million firms (99% of all US Firms) had fewer than 500 employees and provided almost 50% of all US jobs.
The majority of these firms actually employ fewer than 20 employees. Yet when we look at the President's Jobs Council of 25 members, 14 come from big companies, 6 from private equity/pension funds, 2 from unions, 2 academics and only one from a small company.
Statistically, at least half the future jobs will likely come from small companies. If we are serious about putting America back to work and having an effective Council providing balanced advice to Washington and the President, then at least half the Council members should come from small businesses.
* 2010 Statistics of US Businesses - United States Census Bureau - US Department of Commerce
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