Monday, June 30, 2014

Most firms are small, but most people work at large firms

Click for larger image
Note: Firm size bins are not uniform in scope

The chart above shows that it can sometimes be misleading to say that "X% of US businesses have characteristic Y" (an example). Around 55 percent of US firms are in the smallest size category (less than 5 employees), but only 5 percent of US workers are employed at those firms. Over 70 percent of workers are employed by firms with at least 50 employees. Furthermore, the share of employment accounted for by large (and old) firms has been steadily growing.

I don't own this image; I found it on the Internet.

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