Of course, one single small business cannot really do all that much about unemployment. However, when you put them all together, all the small businesses in the United States could do a great deal to help reduce the level of unemployment in the country.
According to the Small Business Administration (part of the federal government) small businesses (less than 500 employees) employed more than half of the workers in the country and really small ones (20 or less employees) employed about a quarter of all American workers.
There are so many small businesses that, if they each hired one or two more people, the unemployment rate would drop considerably.
People argue about how to help small businesses hire more people. Some ideas are:
- lower taxes on them
- have fewer regulations on them
- make it easier for them to borrow money from banks so they can expand