I feel like this is the perfect example why everyone should at some point be required to start a business. Because some of these ideas stem from to many people not understand the economy in a real sense because they are always workers and see the world through that lens.
That would assume wealthy groups in america start businesses are higher rates than all other groups. But poor immigrants with no safety net what so ever start businesses at a much higher rate.
This is completely anecdotal but in my experience this is because wealthy people have high paying jobs and don't really see the value in starting a business unless they just want to be entrepreneur. I've lived below the poverty line and everyone I've met in those circles had a side hustle, business or second job. You gotta grind 10x as hard to get out of those circumstances.
I've always assumed part of that is that immigrants find it hard to get their foot in the door and get a job here. Imperfect language skills would be to your detriment in job hunting, but less so if you had an ethnic restaurant or a business catering to those in your community in a similar position.
Not necessarily there are tons of other things that depress business creation: debt load, health insurance, risk. Without a real bottom in the US even with a solid plan and decent savings building a business is extremely risky compared with just continuing to work at your current job.
You don’t need to make an attempt as a business owner to understand why the economy is broken. A change in perspective doesn’t fix a broken system.
Edit: I am absolutely biased against a system that favors the wealthy at the detriment to your average citizen. “Look at how well this system works for us while the rest of you suffer!” is not helpful.
A change in perspective gives you idea of how the system work. The system isn't broken. Any system you don't understand probably seems problem.
Like how people call the US government broken. When it was meant for the very beginning to mangle federal power. The only thing broken about that system is federal power isn't more limited. But a lot of people call that system broken.
