A Weblog of Centrist Voices in American Politics
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A Weblog of Centrist Voices in American Politics | |
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April 18, 2006More economic good newsFrom 1997 to 2002, the number of black-owned businesses increased by 45%, to 1.2 million businesses, with a combined revenue of $88 billion, according to a recent Census Bureau study. Doris Carson Williams, president of the African American Chamber of Commerce of Western Pennsylvania, attributes this in part to individuals taking personal charge of their futures after corporate downsizings (a very traditional route to entrepreneurship): As blacks join the numbers of those being downsized by corporations, she said, "more and more have found that entrepreneurship is a viable option for them. They don't want to go through the corporate menagerie again."This prescient article predicted this trend, or at least the need for it, in 1996. Such is the strength of the American economy: people who lose one job use their talents, skills, and knowledge to create a new one from scratch, one which will eventually employ not just themselves but hosts of others as well. Posted by PatHMV at April 18, 2006 10:01 AMComments
You see or hear stories like this all the time. It's great news. Why do so many feel the economy is in bad shape when things like this are happening? Is it all delusional? Poll after poll shows economic fears. Do that many people think there is bad news looming? The defict? The budget? Posted by: scott at April 18, 2006 03:07 PMI would bet that the people who worry that the economy is in bad shape are those who haven't lost their jobs. Yet (in their minds). Are they correct -- would they, unlike the people referred to in this study, be unable to start their own businesses? Perhaps not . . . but they won't find that out until they get tossed out on their own. Of course, then there are the tiny number of individuals who worry about the economy for actual economic reasons, rather than personal ones: the low level of personal savings, the size of the deficit, etc. Posted by: wj at April 18, 2006 08:14 PM |
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