The smaller the business, the bigger the raise? – Daily News

on Feb26
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”Survey says” looks at various rankings and scorecards judging geographic locations while noting these grades are best seen as a mix of art and data.

Buzz: States with smaller businesses — including California — tend to have higher pay, larger pay raises and faster job growth.

Source: My trusty spreadsheet analyzed the Bureau of Labor Statistics’ quarterly deep dive into unemployment insurance filings. I created a state-by-state yardstick for small businesses by comparing employment trends with the number of establishments — 2003’s second quarter (when this metric’s database starts) vs. 2021’s third quarter (latest figures available).

Top line

The key stat was the number of employees at workplace establishments. That average varies widely across the nation, but it’s a universally shrinking number as companies either get lean-and-mean or launch as startups.

Let’s start with the 10 states with the fewest employees per workplace. This group averaged 10.5 jobs per establishment as of September, down 22% since 2003.

It’s a curious mix, found mostly in the entrepreneurial West and old-school New England: Montana (8.6 jobs-per-establishment), Wyoming (9.4), California and Idaho (10.2), Vermont (10.4), Maine (10.6), New Hampshire (10.9), Rhode Island and Florida (11), and Oregon (11.2).

Compare that to the 10 states with the most employees per workplace, a group averaging 15.9 jobs per establishment, down 12% from 2003.

No surprise, these states are better known for their manufacturing mettle: Indiana (16.9), Ohio (16.6), Texas (16.4), Tennessee and the District of Columbia (16.2), Arizona (15.9), Michigan (15.4), Pennsylvania (15.1) and Minnesota and Wisconsin (14.9).

Details

Consider how these two groups compare …

Jobs? It’s still a large employer world. The 10 small-workplace states have a combined 31.6 million workers or 22% of all U.S. jobs. The 10 big-workplace states have 44.4 million jobs or 31%.



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