I think the cost of doing business has increased substantially in the last 60 years. Even respecting inflation, I think services, wages, and just the obligations related to business are more expensive than they used to be.
I would add: disproportionately so in higher bureaucracy higher tax environments.
Your money just goes a lot less further as a business owner and as a result it’s harder to have a small business, such an environment heavily favors large corporations that have the funds and man hours to throw at the problem and come out on top.
Your money just goes a lot less further as a business owner and as a result it’s harder to have a small business, such an environment heavily favors large corporations that have the funds and man hours to throw at the problem and come out on top.