BUSINESS
08/02/2010 05:12 am ET Updated May 25, 2011

Robert Reich: Are Today's 'Entrepreneurs' Actually The Unemployed?

Booted off company payrolls, millions of Americans had no choice but to try selling themselves. Another term for "entrepreneur" is "self-employed."

According to an analysis of Bureau of Labor Statistics by an outplacement firm, Challenger Gray & Christmas, the number of self-employed Americans rose to 8.9 million last December, up from 8.7 million a year earlier. Self-employment among those 55 to 64 rose to nearly two million, 5 percent higher than in 2008.

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