Everything socio-economical and political at at an all-time low!
The unemployment rate in the United States is at a four-year low, but another labor stat is shrinking in not such a favorable way: a decline in the number of self-employed Americans suggests the personal business will soon be a thing of the past.
Since the Great Depression, the number of Americans who identify themselves in the work force as “self-employed as a share of non-farm employment” has been getting smaller. Some economists now say though that the major US recession that started in 2007 will soon send that stat straight down to zero.
The number of self-employed Americans at the end of World War II was roughly one-quarter of the country’s population, but during the length of just the 1960s that section shrank from nearly 20 percent to being barely in the double digits. From the 1970s through the first half of the ‘90s that rate stayed constant, but…
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