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6 Jul 2024 6:33 pm
the more you post the less your ideology is believable.Blackvegetable » 06 Jul 2024, 6:15 pm » wrote: ↑ America's startup boom is still going strong. Here's what it means for the economy
https://www.npr.org/sections/planet-mon ... oductivity
Back in 2020, when the world was navigating the hellscape of the COVID-19 pandemic, economist John Haltiwanger discovered something really strange happening in the U.S. economy: Americans were creating new businesses at a record rate.
Haltiwanger is one of the top experts on new business creation in the United States. He even helped the U.S. Census Bureau set up official statistics that track it. A surge in new businesses, Haltiwanger says, tends to be a great sign for job creation, innovation and productivity growth in the economy. But, up until 2020, the data painted a sort of gloomy picture. Haltiwanger was writing research papers with titles like "Top Ten Signs of Declining Business Dynamism and Entrepreneurship in the U.S."..
"I'd say we're on a new plateau that started in 2021," Haltiwanger says. Comparing the three years before the onset of the pandemic with the three years after it, the data suggests there are now, on average, almost 60% more new businesses being created each year.
Oh, The Yugemanity!