In Canada, self employment numbers have been rising for several months. The June statistics show another increase in those seeking their own path to re-employment. The numbers show gains in self-employment of 37,000 in June, while the number of employees in the private sector decreased by 39,000. Since October, self-employment has grown by 1.5%, whereas the number of employees has declined by 3.3% in the private sector and 1.4% in the public sector.
On the other hand, Americans seem to be recoiling from entrepreneurship, and self-employment, at least according to an article written by Scott Shane, in the New York Times.
[Source: Created from data contained in the OECD Factbook 2009. U.S. self-employment rate, 1990-2007.]
We hear so much about Americans and their entreprenurial spriit. Why the sudden lack of courage when it comes to starting down a new path?
One reason Shane posits is the increase in healthcare costs. According to the article, a result of these spiraling expenses is the “inability of new companies to offer health insurance to their employees. The Kauffman Firm Survey, which tracks a sample of new businesses drawn from the 2004 cohort of U.S. start-ups, reports that only 29.5 percent of new employer firms and only 12 percent of all start-ups provide health insurance to their full-time employees.”