It Figures 05/02

A look at past and present figures for minimum wage levels, number of minority businesses and more
Magazine Contributor
1 min read

This story appears in the May 2002 issue of Entrepreneurs Start-Ups magazine. Subscribe »

A New World

Believe it or not, the world didn't always have essentials such as cell phones and e-mail. Just take a look around your office. Some of the devices you can't live without have been around longer than you think.

Growing Strong
  AS IN 1977, CALIFORNIA, NEW YORK AND FLORIDA remain the dominant states in terms of the number of women-owned businesses. Judging by the numbers, however, it's easy to see the marked growth nationwide.

SOURCE: Bureau of Labor Statistics/ U.S. Census Bureau
Minority Rules
  IN THE PAST 25 YEARS, minority-owned small businesses have experienced tremendous growth. Here's how far they've come.

SOURCE: Bureau of Labor Statistics/ U.S. Census Bureau

minimum wage in 1977

SOURCE: Bureau of Labor Statistics

of women participated in the work force in 1977. Today, nearly 60% of women 16 years of age and older are working.
SOURCE: Bureau of Labor Statistics

  25 million
small businesses exist today. That number has increased dramatically since 1977, when there were only 14.7 million small businesses.
More from Entrepreneur
Our Franchise Advisors will guide you through the entire franchising process, for FREE!
  1. Book a one-on-one session with a Franchise Advisor
  2. Take a survey about your needs & goals
  3. Find your ideal franchise
  4. Learn about that franchise
  5. Meet the franchisor
  6. Receive the best business resources
Entrepreneur Insider members enjoy exclusive access to business resources for just $5/mo:
  • Premium articles, videos, and webinars
  • An ad-free experience
  • A weekly newsletter
  • Bonus: A FREE 1-year Entrepreneur magazine subscription delivered directly to you
Whether you want to learn something new, be more productive, or make more money, the Entrepreneur Store has something for everyone:
  • Software
  • Gadgets
  • Online Courses
  • Travel Essentials
  • Housewares
  • Fitness & Health Devices
  • And More

Latest on Entrepreneur