The HKTDC.com reports quite a few companies were created in Hong Kong list year, many by people from around the world.
In a year of persistent uncertainty in many countries and regions, Hong Kong was busy helping new businesses get started. A record 150,165 new companies registered in the city in 2012, averaging more than 12,500 each month, according to official data from the Companies Registry.
This is just businesses, not employees. Whereas a certain percent would be just shell companies, there is no doubt Hong Kong has a robust new business sector, changes in offers to meet the needs of society, always fine tuning the offers to meet changing demands.
Also not counted in this are the companies that fold. I've watched suppliers shut down as carefully and rationally as they were formed and grew. There are no bailouts of assists for small business, which makes for far more sober small businesses.
USA is 50 times the size of Hong Kong. So looking at that 12,500 per month new businesses tines 50, equals 625,000 businesses. Granted, again, some are shells. But those who are not represent on average more than one worker. So let's put the number at say 500,000 people employed by business start-up alone. (And not counting people hired as employees at existing companies.)
And how is USA doing?
Hong Kong buries USA in employment creation among start-ups alone. Never mind new hires in existing businesses.
USA was once 13 colonies that were the same thing as Hong Kong founded under the same ideas at the same time. Those colonies banded together as 13 systems in one country, and used a term called states rights. That changed to one huge imperial country. Hong Kong today is in an association of "two systems, one country."
There are too many federal regs for USA to ever match Hong Kong in new job creation. Ther eis push back with nullification movements, etc. But when we can get states as autonomous from the feds as Hong Kong is from Beijing, we'll see concomitant wealth and prosperity.
Feel free to forward this by email to three of your friends.
In a year of persistent uncertainty in many countries and regions, Hong Kong was busy helping new businesses get started. A record 150,165 new companies registered in the city in 2012, averaging more than 12,500 each month, according to official data from the Companies Registry.
This is just businesses, not employees. Whereas a certain percent would be just shell companies, there is no doubt Hong Kong has a robust new business sector, changes in offers to meet the needs of society, always fine tuning the offers to meet changing demands.
Also not counted in this are the companies that fold. I've watched suppliers shut down as carefully and rationally as they were formed and grew. There are no bailouts of assists for small business, which makes for far more sober small businesses.
USA is 50 times the size of Hong Kong. So looking at that 12,500 per month new businesses tines 50, equals 625,000 businesses. Granted, again, some are shells. But those who are not represent on average more than one worker. So let's put the number at say 500,000 people employed by business start-up alone. (And not counting people hired as employees at existing companies.)
And how is USA doing?
Nonfarm payroll employment edged up in March (+88,000), and the unemployment rate was little changed at 7.6 percent, the U.S. Bureau of Labor Statistics reported today. Employment grew in professional and business services and in health care but declined in retail trade.
Hong Kong buries USA in employment creation among start-ups alone. Never mind new hires in existing businesses.
USA was once 13 colonies that were the same thing as Hong Kong founded under the same ideas at the same time. Those colonies banded together as 13 systems in one country, and used a term called states rights. That changed to one huge imperial country. Hong Kong today is in an association of "two systems, one country."
There are too many federal regs for USA to ever match Hong Kong in new job creation. Ther eis push back with nullification movements, etc. But when we can get states as autonomous from the feds as Hong Kong is from Beijing, we'll see concomitant wealth and prosperity.
Feel free to forward this by email to three of your friends.
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