Small businesses are losing ground to big corporations, which is bad for workers and competition.

• Small and mid-sized businesses used to provide 60% of US jobs in the 1970s and 80s.
• That share has dropped to 45% today.
• Big banks like Chase keep swallowing smaller banks that struggle or fail.
• Fewer small businesses means less competition and fewer paths for workers to build wealth.

Outlook: The trend toward bigger companies and fewer small employers looks set to continue without policy changes.