Study: Increasing minimum wage does not reduce jobs

fukhueson@lemmy.world to News@lemmy.world – 919 points –
Study: Increasing minimum wage does not reduce jobs
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It's going to blow your mind to find out how often new businesses fail.

Are you just spouting our random things thinking it makes your earlier point more valid?

How many new business fail?

I looked it up and it seems like the survival rate of new businesses is about 78% in the US.

https://www.bls.gov/opub/ted/2024/1-year-survival-rates-for-new-business-establishments-by-year-and-location.htm

The first year seems to be the hardest and each year after that survival rates get better and better.

This data suggests that after 10 years nearly 35% of business are still in business.

https://www.bls.gov/opub/ted/2024/34-7-percent-of-business-establishments-born-in-2013-were-still-operating-in-2023.htm

???

What, exactly, do you think your point is?

Business owners take the risk. Not everyone can start a business and take on that risk. Most aren’t even profitable for years after. That’s my point.