The US is no longer a nation of small business.

53% of Americans work for big businesses now (with 500+ workers). That's a big shift from the 1980s/90s/early 2000s.

The biggest change of all has been more people working for companies with 10,000+ workers and fewer people… https://t.co/g3lINVcNfi

Heather Long

RIP to the American small business https://x.com/byHeatherLong/status/1888261980324085821

The Farcaster formerly known as Kchamp. Books, beats, bodybuilding, bright ideas and beautiful things.

katherinechampagne.com

Big influence from Private Equity, most of those small businesses are service industries and PE has consolidated most.

My brother who is in home services was telling me 12 years ago when he started he would talk to plumbers and HVAC services directly. Now most conversations happen with a PE firm.

Physician always trying to learn, passionate about healthspan and precision medicine.

omarsaleem.xyz

Can imagine. Biggest losers are the workers and many times customers

My sisters bf works at an accounting firm that does those deals 😅 have heard some stories