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The Internet does enable easier local business discovery. Where are all the new small businesses though? The latest Census data is from 2015 and shows the numbe
by sedachv 9y ago
The Internet does enable easier local business discovery. Where are all the new small businesses though? The latest Census data is from 2015 and shows the number of new small businesses created is at a level not seen since the mid-1970s:
http://money.cnn.com/2016/09/08/news/economy/us-startups-near-40-year-low/ http://money.cnn.com/2016/09/08/news/economy/us-startups-nea...
Whatever combination of factors is at work suppressing small business creation since the 2008 recession is not being overcome by the advantages you listed.
- Consultant32452 9y agoThe economy tanked and just as it was starting to recover the government made it illegal to take on risk by having no or crappy insurance. Meanwhile healthcare prices skyrocketed. Simultaneously we doubled down on our immigration policy towards providing citizenship for unskilled, impoverished immigrants rather than the kind of means based immigration policy popular in most of Europe. That means we missed out on a lot of talented, educated immigrants who might have either started companies or been willing to work for startups. We cracked down on internships. And we allowed patent trolls to run amok. Let's also not forget the credible threats of doubling minimum wage.