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You sure about that claim re SMB vs enterprise? There's millions of local businesses that engage in very slow innovation, including restaurants, laundromats, e
by asah 5y ago
You sure about that claim re SMB vs enterprise? There's millions of local businesses that engage in very slow innovation, including restaurants, laundromats, etc.
Meanwhile the SP500 have all gotten religion about innovation as a driver for productivity increases.
(Not arguing just asking)
- dv_dt 5y agoI had read a set of clearer papers on this, but I didn't keep a link to them (of course there are many economic views this is just mine). However a couple of large scale effects may indirectly capture it. First there are fewer and fewer new business starts, meaning surviving firms are getting larger and older, and second the overall gross productivity has been dropping. Maybe it's just correlation and not causation. I'll post again if i can find the more direct paper on the anticorrelation between very large corporations and productivity. https://www.brookings.edu/research/declining-business-dynamism-implications-for-productivity/ https://www.brookings.edu/research/declining-business-dynami... https://qz.com/633080/the-rise-and-fall-of-american-productivity-growth/ https://qz.com/633080/the-rise-and-fall-of-american-producti...