This is an interesting economic discussion, I’ve always beleived that Mom and Pop places were closing, but on the other hand, Small Businesses are still the economic driving force in the US.
This is just anecdotal. I suspect there are as many small businesses now as in the heyday of the “Mom and Pop” stores, but they’re different now, and require more. I recall, for instance, that when I was growing up, all gas stations around here were sole proprietorships, and provided mechanic service. It was entirely possible for a young man to work in one and ultimately buy it from the owner when the latter grew older, and as long as that young man had a modicum of drive and mechanical talent, he could make a middle-class living. Now, “gas stations” are all convenience stores owned by people who have a lot of capital and own lots of them. The ones who work there don’t make enough to keep a bird alive.
Back then, grocery stores were little neighborhood stores, very modest, and with limited inventory. But they did provide decent livings for the owners, as long as they could do figures and provided service. (They delivered) Almost none of the employees in the big chains make decent money.
Back then, restaurants were “Mom and Pop” proprietorships. They worked hard, but made a decent living. Motels were similar.
It’s just different now. It’s really tough for a person to be a small business person. Takes a lot more capital and a lot more know-how than it did back when I was a kid. There is no possibility whatever of competing with the pervasive giants that dominate “obvious” business choices on their own ground. You have to find some other way; some niche they’re not filling. It takes a lot more “smart” to do that, because the giants have people who work everyday to figure out how to fill all the niches.
Farming is the same. You can’t just produce commodities and hope to come out, like people used to, unless you have a staggeringly high level of capital. You might raise something different; something unique. You might even find some incredibly efficient way to produce ordinary commodities. But no matter what, you have to outhink the big guys, because they have the economies of scale and enormous capital resources.
I say all the above as a small businessman myself, and I do a bit of ranching on the side. My father was also a small businessman, though in a different line, and he did a bit of ranching on the side. It’s definitely possible to “make it” nowadays, but it’s much different now than it was back in my father’s day. Much, much more demanding in work, capital and ingenuity. In my opinion, very few of the people who had the small businesses when I was a kid could make it now, and virtually all of the children of those people either went up the education scale and ended up working for large concerns (including government), or went down the scale into the laboring class. Both are, in truth, not proprietors, but wage laborers.