I had the exact same thought when I read pg's statement, "Why are people starting so many more new companies than they used to, and why are they getting so rich

I had the exact same thought when I read pg's statement, "Why are people starting so many more new companies than they used to, and why are they getting so rich from it?". People aren't starting so many more new companies than they used to - they're starting significantly fewer, and that's a bad thing. pg is obviously focused on the tech side of businesses, but if you look at the US business climate more broadly, tech is a poor indicator for what's been happening the last several decades.