Business

There are 22 million small businesses in the United States where the only employee is the owner. These are people who risk a lot and end up working long hours. Most people work for a someone else for a fixed salary. 627,000 small businesses start up each year and 595,000 close down so the risk is substantial. In free market capitalism the person has the right to fail and many do, but the rewards for success can be great and thus contribute to income disparities.