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The U.S. Census Bureau’s County Business Patterns (CBP) data includes only data on businesses that have employees on their payroll. But, in 2016, only 23.8% of the 32,570,855 establishments in the United States had paid employees. This means the remaining 76.2% of establishments were non-employers or establishments that don’t have any paid employees. And those data come from the 2016 Non-employer Statistics (NES).
The three states with the largest number of non-employer establishments are Texas (79.5%), Georgia (79.4%) and Florida (79.0%). North Dakota is the only state where more than 30% of the establishments have paid employees. Continue reading
Genesis 2019 G70 – $48,000 Four Cylinder?
Is the Korean pricing too aggressive?
The 2019 Genesis G70 goes on sale this week with either a 2.0 liter turbocharged inline four-cylinder (252 hp /260 lb.-ft.) engine or a 3.3T V6 twin-turbocharged engine (365-hp / 376 lb.-ft.). There are an endangered species 6-speed manual transmission or an 8-speed automatic. The newest Genesis models are ambitious in sales goals,albeit reasonably equipped but face, arguably, the most intense competition in history from such storied brands as BMW, Mercedes-Benz, Lexus and even Cadillac.
G70s equipped with the 2.0T four-cylinder engine are available in six semi-confusing trim levels, including a special manual transmission Sport package, with a starting price of ~$36,000. The G70s equipped with the 3.3T engine are available in four trim levels, plus two limited production – either by sales reality or maker decree – Special Edition models, with a starting price of more than $44,000. You can spend roughly $55,000 on a plush Genesis model. Sales numbers ultimately will decide if the pricing strategy is too ambitious. Continue reading →