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Kelly Loeffler: “In 1940, we had about 50 million people in the labor force.”

Featuring: Kelly Loeffler, Republican | Administrator, U.S. Small Business Administration | National

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SBA Administrator Kelly Loeffler: SBA now processing $5B in backlogged loans to small businesses

Published | Video Starts at 05:12

And in fact, small businesses start small, but many become big, and that's driven by gains in technology. If you look at our Labor Force, In 1940, we had about 50 million people in the labor force. Compute. Power has grown asymptotically since then, and our labor force has more than tripled. So what we're seeing is potentially strong productivity for small businesses to compete on a very level playing field. (05:12–05:17)

CLAIM

Asserts that there were about 50 million people in the labor force in 1940.

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