I agree with you, it also seems plausible that as the cost of starting a business continues to decline, the number of ventures closing will continue to go up re

I agree with you, it also seems plausible that as the cost of starting a business continues to decline, the number of ventures closing will continue to go up relative to the number of new ventures until it's practically even. People will have fewer qualms about shutting everything down and moving on when all they have invested is a few hundred dollars worth of business licenses and files on a computer, rather than office or retail space and some inventory. I also think that even if an entrepreneurial activity isn't "productive" in an economic sense, it could still be useful from the perspective of a person getting out of an employment situation that makes them really unhappy. People starting and failing in a handful of businesses on their way to figuring it out probably doesn't measure out great in the stats, but it's good (hopefully) from a making people happy perspective.