Hugging a small business owner, like kissing a baby, is a time-honored way for politicians to broadcast their populist spirit. Supporting programs for Main Street has been a favorite salve for Wall Street bankers seeking to repair reputations wrecked during the financial crisis. Everyone, including 95 percent of the U.S. population, likes small business. Except, perhaps, economists.
In recent years, a growing chorus has argued that small business owners are not the job creators they’re often believed to be. (It’s not the mom-and-pop types that drive job growth, that argument goes, but young companies that are small only because they haven’t gotten around to growing yet.)
via Small Business Owners and the Economists Who Hate Them – Businessweek.
