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Possible factors: - Too many people are struggling to repay their student loans - Too many people are one paycheck away from homelessness - People may be mor
by HenryKissinger 7y ago
Possible factors:
- Too many people are struggling to repay their student loans
- Too many people are one paycheck away from homelessness
- People may be more risk averse than previously thought
- The fact that health care is tied to employment deters people from starting a business. Indeed, countries with strong social safety nets have more entrepreneurs (https://www.google.com/amp/s/amp.theatlantic.com/amp/article/541413/ https://www.google.com/amp/s/amp.theatlantic.com/amp/article...)
- secondbreakfast 7y agoI think these are all factors. Tyler Cowen talks about this issue quite a bit. The stat he often quotes is that new business creation is down by about half since 50 years ago. Here's an interesting post he had on it: https://marginalrevolution.com/marginalrevolution/2014/08/will-the-recent-decline-in-entrepreneurship-be-reversed-by-demographic-forces.html https://marginalrevolution.com/marginalrevolution/2014/08/wi... It could be as simple as demographic shifts (which would explain its long slow and consistent decline), or the other factors you and him mention might also be playing an outsized role.