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How exactly is the number of people employed by startups related to the economy as a whole?
by sparkling 9y ago
How exactly is the number of people employed by startups related to the economy as a whole?
- AnimalMuppet 9y agoDisclaimer: I am not an economist. But as I understand the theory, job growth mainly comes from smaller companies. Of those, startups are the fast-growth ones. (Mom-and-pop businesses aren't where the growth is.) The number of people employed by startups can therefore be regarded as an approximation of the first derivative of the economy (or, perhaps, of employment).
- pm90 9y agoIts related to the dynamism of the economy. More startups/new businesses == more jobs, more competition, more creativity etc.
- justicezyx 9y agoThe startup scene now is more capital dominant, than innovation. Therefore regulation is more important than other things. IMHO, this is a reflection of the stagnant of fundamental new technology breakthrough since the internet era started. Internet itself hardly brings anything new, it merely make things marginally more efficient. Maybe AI is the true innovation we have been waiting for. But I doubt it plays nice with startups either.