“The Collapse of Startups in Job Creation”

Tim Kane for the Hudson Institute. Discouraging. Three samples:

“Since 1977, newly born companies usually create a net 3 million jobs per year,
but the most recently released data report as falling to 2.34 million in the year 2010. The
Commerce Department will not release annual 2011 or 2012 data until after the election,
but we can see that quarterly figures for startup job creation have continued to weaken.”

“The average rate for entrepreneurial job creation under the previous three presidents was 11.3, 11.2, and 10.8 [in new U.S. companies per capita] respectively, but under President Obama it has been cut by one-third to 7.8.”

“While this report documents a disturbing weakness in startup job creation, it does not
explain the cause of decline. There is anecdotal evidence that the U.S. policy environment has become inadvertently hostile to entrepreneurial employment. At the federal level, high taxes and higher uncertainty about taxes are undoubtedly inhibiting entrepreneurship, but to what degree is unknown. The dominant factor may be new regulations on labor.”

Also see...

Craig Newmark

Craig Newmark

Associate Professor of Economics, North Carolina State Univ.

Related Articles

1

Newest House Net Neutrality Bill Cuts FCC Out of Internet Authority

FacebookTwitterEmail It looks like House Energy and Commerce Chairman Henry Waxman, (D-Calif) is so desperate to get a Net Neutrality

13

Video: Obama: Capitalism and Liberty Don’t Work

FacebookTwitterEmail Barack Obama, President of the United Deniers of America, is slamming the country again. This time he ways that

6

(Video) Jamal Greene: Why I Am a Conservative?

FacebookTwitterEmail Jamal Greene took to his video camera to tell us why he is a conservative. His effort is a

Share This

Share this post with your friends!