ML-Implode News - Gallup: If small businesses keep dying "We'll lose the whole middle class"

According to the U.S. Small Business Administration, 65% of all new jobs are created by small businesses, not large ones. Here's the crisis: The deaths of small businesses recently outnumbered the births of small businesses. The U.S. Census Bureau reports that the total number of business startups and business closures per year crossed for the first time in 2008
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Let's say someone has a good middle-class job that pays $65,000 a year. That job goes away in a changing, disrupted world, and his new full-time job pays $14 per hour -- or about $28,000 per year. That devastated American remains counted as "full-time employed" because he still has full-time work -- although with drastically reduced pay and benefits. He has fallen out of the middle class and is invisible in current reporting.

Relevant:

Gallup: If small businesses keep dying "We'll lose the whole middle class"