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America has become an entrepreneur's paradise

economist.com

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Re: America has become an entrepreneur's paradise

#3
Seems like Instagram (and TikTok) are a big part of the story here. A lot of these 'buy my hat with a funny slogan' or 'buy my lotion' stores on Shopify, Etsy etc are highly dependent on direct-response ads / performance marketing so their fates are tied to these social media platforms

Re: America has become an entrepreneur's paradise

#4
>Full-time self-employment rose to its highest level this century in 2025, reaching 16.8m, according to the Small Business & Entrepreneurship Council, a trade group.

A common refrain is that all the "entrepreneurs" are just gig economy workers, and I was initially skeptical of this too, but it does seem to check out. The top industries with aren't related to gig economy or truckers, in fact that industry shrunk.

https://www.economist.com/content-assets/images/20260801_EPC...

Re: America has become an entrepreneur's paradise

#6
post #3

Seems like Instagram (and TikTok) are a big part of the story here. A lot of these 'buy my hat with a funny slogan' or 'buy my lotion' stores on Shopify, Etsy etc are highly dependent on direct-response ads / performance marketing so their fates are tied to these social media platforms

Ie, a junk economy. None of this produces value, if anything it's parasitic.

Re: America has become an entrepreneur's paradise

#7
post #3

Seems like Instagram (and TikTok) are a big part of the story here. A lot of these 'buy my hat with a funny slogan' or 'buy my lotion' stores on Shopify, Etsy etc are highly dependent on direct-response ads / performance marketing so their fates are tied to these social media platforms

Ie, a junk economy. None of this produces value, if anything it's parasitic.

Hmm, do video games fall into the same category?
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