America has become an entrepreneur's paradise
Posted by bookofjoe 14 hours ago
https://archive.ph/M3J07
Comments
Comment by gruez 13 hours ago
A common refrain is that all the "entrepreneurs" are just gig economy workers, and I was initially skeptical of this too, but it does seem to check out. The top industries with aren't related to gig economy or truckers, in fact that industry shrunk.
https://www.economist.com/content-assets/images/20260801_EPC...
Comment by cyanydeez 12 hours ago
Comment by paxys 12 hours ago
Conspicuously missing from the article among all the other numbers – how many of these businesses earn enough money to pay the owner's rent?
Comment by firasd 13 hours ago
Comment by sigilsack 13 hours ago
Comment by paxys 12 hours ago
Comment by helterskelter 13 hours ago
Comment by nomel 13 hours ago
Luckily, our economy is mostly based on luxury items, by world standards.
Comment by computably 13 hours ago
There's nothing intrinsically wrong with producing entertainment, internet communities, or branded merch. But I don't think it's that controversial to say "micro-influencer selling/sponsoring merch" is not the optimal career path for most of the people that pursue it.
Comment by JumpCrisscross 12 hours ago
At least in my circles, the Instagram gadgets are one part junk, one part failed execution and half genuinely-clever niche objects and services. A silly kitchen tool I low-key love is a domestially-made all-steel tofu press. A friend found it on Instagram.
Comment by helterskelter 13 hours ago
Comment by paxys 12 hours ago
Comment by slashdave 13 hours ago
Comment by bad_haircut72 12 hours ago
Comment by slashdave 12 hours ago
I am not in the habit of judging other people's values. If it makes someone happy, why not?
Of course: capitalism. So slippery slope and all that.
Comment by melonmars 13 hours ago
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Comment by nl 13 hours ago
Comment by readread 13 hours ago
I buy straight from brands I trust whenever possible, not even trusting Amazon as an intermediary between us. Those brands aren't selling alibaba-dropshipper stuff.
I'd say my trust in stores that sell more than their own brand is at an all-time low. You have enshittifying mid-range department stores where you can't trust a thing, fake "outlet" stores, et c. I sort-of trust REI. I sort-of trust Costco. End of list, maybe?
Like if there's value being delivered in the "trusted source" sphere for a general retailer, I'm not seeing much of it. Quite the opposite, that's all gotten worse steadily this century.
Comment by nl 3 hours ago
For example, when I'm buying a synthesizer I watch lots of Youtube reviews.
I know the influencers are paid or given goods but if you watch a person over while you get to understand their biases.
Comment by rwallace 13 hours ago
There are certainly things wrong with today's economy, starting with housing being treated as a financial asset, which encourages laws that create an artificial scarcity of it. I'm not saying there is nothing to complain about.
But the fact that not everyone is working purely to create necessities, that some of our economic output consists of luxuries? I don't really see that as a problem to be solved. If anything, I think it's a good sign. Let's not fall into the trap of just randomly complaining about everything.
Comment by HoldOnAMinute 13 hours ago
Comment by denkmoon 13 hours ago
Comment by tripleee 13 hours ago
Getting off the ground with a small business in America stinks in a lot of ways. Taxes are high and health insurance is really expensive when you have to cover it yourself.
Comment by repeekad 12 hours ago
Normal health insurance like employer provided (or universal healthcare) is the healthy paying for the sick, which while altruistic is what's actually expensive.
Comment by nirvdrum 12 hours ago
If we want to encourage people to start new businesses, some form of universal healthcare would be a massive catalyst. Starting a business is never going to be risk-free, but there's a big difference between risking your retirement or even your house and risking the health of your child.
Comment by oaidsjf 12 hours ago
For example, if you are in your 40s the cheapest (bronze level $10k deductible) plan is around $500-$900 a month. Are you maybe talking about a family plan (which allows for about $20k deductible)? But that would be significantly more than $100/month.
Sorry, do not mean to come off as combative, just trying to understand what I am misunderstanding.
Edit: to clarify, federal regulations do not allow an individual to have a plan with a $20k deductible that I am aware of.
Comment by repeekad 7 hours ago
Comment by lazyasciiart 12 hours ago
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Comment by repeekad 6 hours ago
Comment by ecommerceguy 13 hours ago
Not necessarily, often it is much less.
t. I am a partner in an L&H insurance agency.
Comment by spr-alex 13 hours ago
1) the jobs act introduced a toxic R&D code from 2022-2025
2) tariffs with no reasonable means of manufacturing domestically and inhibited developing production lines with the prior tax code fiasco
Comment by tolugenius 13 hours ago
Comment by julienchastang 13 hours ago
Absolutely. https://www.wsj.com/business/making-money-wealth-boring-8cc6...
Comment by slashdave 13 hours ago
Comment by dabinat 13 hours ago
Comment by zrobotics 9 hours ago
Surprised to see this many comments and noone actually linking to the article.
Comment by readread 13 hours ago
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Comment by smnrg 13 hours ago
Comment by tripleee 12 hours ago
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Comment by gruez 13 hours ago
What's surprising is how many people (seemingly) work there (hundreds!), for a publication that puts out like 70 articles per week? They got 9 people working on china and the china section only has 3-4 articles per week.
Comment by dghlsakjg 13 hours ago
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Comment by Ginger-Pickles 13 hours ago
Comment by OutOfHere 10 hours ago
Comment by kiranravi1995 7 hours ago