5 ms·

Their definition of entrepreneurship is purely a function of new business creation. How many of those 60 year olds are attorneys, physicians, accountants, or ot

by wtn 14y ago

Their definition of entrepreneurship is purely a function of new business creation. How many of those 60 year olds are attorneys, physicians, accountants, or other independent personal services providers with support staffs of 0-3 people? I wouldn't call an MD an entrepreneur. The linked Kauffman PDF says (page four) that they can't distinguish between business with high growth potential and others for the purposes of this study. [EDIT: modified to include definition before I saw klochner's reply]

deleted 14y ago
[deleted]
klochner 14y ago
The numbers are computed based on the number of people who start a business any given month. I find it slightly unlikely that a lot of 60 year old attorneys or physicians are suddenly starting new practices. More likely they're just unemployed and working odd jobs.
- deleted 14y ago
  [deleted]
- excuse-me 14y ago
  But that works for the government - a law firm closes, or all the over 50s partners retire. They all register with the chamber of commerce and hang out a shingle - and suddenly the economy has created N new jobs.
- wtn 14y ago
  The linked blog post seems really sloppy… I'm still trying to figure out what the blogger meant by "broad social transformation that is shifting power from the younger generation to their parents"—when specifically is he intending to imply that the younger generation held such power? By any reasonable definition of "power" (economic, political) I would argue never. Apparently what he means is the power to have stuff marketed to you, to be a targeted demographic. I don't see how that's desirable.
  - Retric 14y ago
    The power to be marketed to is the power to have mass create Music, TV, and Movies that you like. Just compare the amount of TV designed for 10-15 year olds with TV designed for people in the 95-100 year old demographic.

5 ms·

Their definition of entrepreneurship is purely a function of new business creation. How many of those 60 year olds are attorneys, physicians, accountants, or ot

by wtn 14y ago

deleted 14y ago
[deleted]
klochner 14y ago
The numbers are computed based on the number of people who start a business any given month. I find it slightly unlikely that a lot of 60 year old attorneys or physicians are suddenly starting new practices. More likely they're just unemployed and working odd jobs.
- deleted 14y ago
  [deleted]
- excuse-me 14y ago
  But that works for the government - a law firm closes, or all the over 50s partners retire. They all register with the chamber of commerce and hang out a shingle - and suddenly the economy has created N new jobs.
- wtn 14y ago
  The linked blog post seems really sloppy… I'm still trying to figure out what the blogger meant by "broad social transformation that is shifting power from the younger generation to their parents"—when specifically is he intending to imply that the younger generation held such power? By any reasonable definition of "power" (economic, political) I would argue never. Apparently what he means is the power to have stuff marketed to you, to be a targeted demographic. I don't see how that's desirable.
  - Retric 14y ago
    The power to be marketed to is the power to have mass create Music, TV, and Movies that you like. Just compare the amount of TV designed for 10-15 year olds with TV designed for people in the 95-100 year old demographic.