What Happen to American Dynamism?


Startups less than 5 years old employed only  9.1% of the US workforce in 2013, continuing a downward trend dating back to the late 1980s.  Economists believe this downturn in high-growth startup employment is hurting overall productivity.

One reason there are fewer startups and reduced startup employment is the number of barriers to starting a company, Steve Matthews writes.  Regulation, including licensing, is a factor, along with fewer options for capital.  “Additionally, millennials, many swamped by large amounts of student debt, have been less inclined to create their own firms. he writes. (Bloomberg).

More at http://www.bloomberg.com/news/articles/2016-06-01/record-low-for-u-s-startups-helps-spawn-productivity-slump.