The entrepreneurship economy is alive and well. This trend which started decades ago continues to this day. I use the word entrepreneur in the American sense to mean one who starts his own, new and small business. So far, this entrepreneur drive is purely an American phenomenon. Someone should write an entire book on why this is true.
Despite government lock downs, the US entrepreneur is alive and well. Tens of Thousands of people see opportunity. Granted, most of the above chart probably shows sole proprietorships- not initially employing anyone but the founder. Never forget that many of today’s transformative companies rose from the ashes of the 08-09 crisis. Think about Airbnb, Groupon, Uber, Venmo, Square etc. I am a raging optimist about the US. The cyclical stocks are going to come out the other side.