Job-Generation Controversy: The Economic Myth of Small Business

This book exposes how the Small Business Administration (SBA) and the National Federation of Independent Business (NFIB), using erroneous data, have developed and perpetuated the belief that "small business creates all the new jobs". It shows further that, since the early 1990s, this belief has become a mantra for allowing the SBA and NBIF to lobby effectively for preferential treatment such as low-interest loans and exemption from mandated employee benefits and worker safety regulations. Acknowledgments, 1. Introduction, 2. The Job-Generation Myth: A Political Issue, 3. The Regression Fallacy: What Is Really Happening to Small and Large Firms?, 4. Job Creation by Firm Size: What the New Census Bureau Data Tell Us, 5. Explaining the Employment Distribution by Firm Size: The Economic Game, Technical Appendices, Bibliography, Index, About the Author