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Q: # of Employers That Go Out of Business Annually ( Answered 5 out of 5 stars,   0 Comments )
Question  
Subject: # of Employers That Go Out of Business Annually
Category: Business and Money > Employment
Asked by: tanyar-ga
List Price: $25.00
Posted: 07 Nov 2005 14:48 PST
Expires: 07 Dec 2005 14:48 PST
Question ID: 590251
What is the # of employers that go out of business every year?  I am
not interested in the number of businesses that go out of business. 
More specifically, I need to know the number of employers that go out
of business each year.
Answer  
Subject: Re: # of Employers That Go Out of Business Annually
Answered By: bobbie7-ga on 07 Nov 2005 15:38 PST
Rated:5 out of 5 stars
 
Hello Tanyar,

According to Ross Eisenbrey, vice president and policy director of the
Economic Policy Institute, about half a million employers go out of
business each year.

Excerpt:

?Overtime compensation is put at risk of fraud, bankruptcy and
business closure; each year about half a million employers go out of
business.?

Economic Policy Institute 
http://epi.org/printer.cfm?id=1385&content_type=2


===============================================

 
?With 500,000 employers going out of business in a given year, workers
are at a great risk of losing the value of their accumulated time.
Private sector employers are less likely to have union representation,
leaving them more vulnerable to coercion.?

- Economic Policy Institute

PBS
http://www.pbs.org/now/politics/overtime.html


===============================================


650,000 employers go out of business or start new businesses each year

?A study by the Congressional Research Service (CRS) notes some
complexities: 650,000 employers go out of business or start new
businesses each year. More than 4 million employers have 10 or fewer
employees, often having record-keeping problems and errors. About 12
million to 15 million individuals are self-employed and presumably
would have to send money directly to a private account.?

The Christian Science Monitor: December 27, 2004
http://www.csmonitor.com/2004/1227/p01s03-cogn.html


===============================================


Search terms used: 
employers * out of business
"30000..1000000  employers go out of business
"500000..890000 employers * * of business

I hope the information provided is helpful!

Best regards,
Bobbie7
tanyar-ga rated this answer:5 out of 5 stars
A very complete answer supported by two data points.  Thank you!

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