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The largest citation I found in a cursory search on mobile contradicts the claim, generally with orders of magnitude more citations than the articles that support it.[1] Other research convolutes the issue, but many studies seem to focus on a very specific subset (e.g., highly educated engineers). An interesting article does support the claim, but only with the distinction of of differentiating between "entrepreneurs" and "self-employed".[2] Under this distinction, a Bill Gates is an "entrepreneur" but the local carpenter or food truck vendor is not. IMO, this skews the context in favor of highly paid businesses. There's quite a bit of research out there and it's not my field, I just thought it was interesting how often the folksy wisdom gets touted that "you'll never get rich working for somebody else" yet there seems to be a disproportionate amount of research contradicting it. [1]Hamilton, B.H., 2000. Does entrepreneurship pay? An empirical analysis of the returns to self-employment. Journal of Political economy, 108(3), pp.604-631. [2]Levine, R. and Rubinstein, Y., 2013. Does entrepreneurship pay. The Michael Bloombergs, the Hot Dog Vendors, and the Returns to Self-Employment. |