Luz I. Gomez and Tamara Thetford of FIELD at the Aspen Institute
First published in May 2015
Read FIELD’s new report Microbusinesses, Gainful Jobs. They found that workers value the flexibility, fulfillment, and skill-building opportunities offered by their microbusiness jobs and 63% of respondents made wages at or above President Obama’s proposed increase to the minimum wage. They also found out that there’s a 1-5 cost-benefit ratio for micro business development (for every $1 of grant money spent on microbusiness development, $5 is created in economic activity) and microbusinesses create opportunities for those that struggle the most.