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Anthony LoPinto

Tuesday morning the Wall Street Journal ran a front page article reporting that small firms are hiring employees at the lowest rate in eight years, and it’s not because they aren’t hiring. “Tiny” companies (defined as twenty employees or less) are struggling to attract and retain workers in the tightest job market in over fifty years. The tight job market is also putting pressure on wages because small firms experience a double whammy as bigger firms can pay more putting even greater pressure on what tiny companies can afford. 17% of private sector workers, about 21 million, work at companies with twenty or fewer employees.

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