Are we becoming risk averse and less entreprenurial? Businesses being destroyed faster than they’re being created.
Gregory Alan Bolcer stashed this in Startups
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They don't say why; they just describe the phenomenon:
The American economy is less entrepreneurial now than at any point in the last three decades. That's the conclusion of a new study out from the Brookings Institution, which looks at the rates of new business creation and destruction since 1978.
Not only that, but during the most recent three years of the study -- 2009, 2010 and 2011 -- businesses were collapsing faster than they were being formed, a first. Overall, new businesses creation (measured as the share of all businesses less than one year old) declined by about half from 1978 to 2011.
6:40 AM May 06 2014