Representing Small Business

If we include the self-employed as ‘workers’, fully 98% of Canada’s private sector firms have less than 50 employees. Zero point one percent of firms have 500 employees or more. These large firms account for a little les than a third of private sector employment. They are large, hierarchical organizations.

Clearly the senior managers of these firms wield a great deal more influence than senior managers of our much smaller firms. You could realistically say that virtually ‘ALL’ of the influence exerted by Canada’s private sector comes from the largest of these firms. Canada’s 10 wealthiest families have significant ownership interests in about one third of Canada’s 3 thousand largest companies.

At the Main Street Journal we represent the interests of Canada’s smallest companies with fewer than 50 employees which make up half of Canada’s private sector employment – but are mostly ignored by policymakers.

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ABOUT

Launch – June 16th, 2023

The MAIN STREET JOURNAL was launched online in 2023, as a kind of Canadian, small business counterpoint to the venerable WALL STREET JOURNAL (WSJ), established in New York City in 1889.

Canada’s small businesses are smaller than most people think.  

This is true for people that work in small businesses, for policymakers, business schools, and the business press. The self-employed and other small business owners don’t ‘get no respect’ and yet about 73% of private sector employment in Canada is made up of the 2.85 million self-employed individuals, and 1.3 million small employer businesses which average less than 7 employees. 

We believe it’s time that these workers, and the small business owner-managers that employ them, got some respect. What’s more, we believe that business schools and policymakers should get out of their ivory towers and take a walk on Main Street! 

73.2 % of private sector employment is provided by small business