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High-tech, low growth
New research from the Economic Innovation Group, Dynamism in Retreat, reveals a worrying trend — in the US, at least. “For the first time, the United States experienced a collapse in new business creation so severe that companies were dying faster than they were being born,” the report says. “The rate of new business has…
Read moreHow Long Will the Recovery Last?
A separate report published last year by the Economic Innovation Group found that only 20 of 3,100 U.S. counties accounted for half of the country’s new businesses established between 2010 and 2014. And half of the new jobs created during that period cropped up in just 73 counties. … By: Andrew Soergel, US News &…
Read moreRural areas still losing people, opportunities
In the 1980s, America’s trouble spots seemed to be cities, with traffic, crime, costs of living, and slow economic growth since factories and other employers were moving to suburbs. Meanwhile, the country’s smallest counties used to be on an upswing, generating about one-third of all new businesses in the 1990s, according to the bipartisan Economic…
Read moreRural internet can help shrink economic gap
According to a deep analysis by the bipartisan Economic Innovation Group, more than 60 percent of Grays Harbor County’s population lived in “distressed” ZIP codes. These were ones with the greatest economic misery according to seven indicators. The “distress score” was 81.8. Statewide in Washington, only 8 percent of the population lived in distressed ZIP…
Read moreWhat outcomes to expect from the China-US Comprehensive Economic Dialogue?
The first round of the China-US Comprehensive Economic Dialogue between a high-level Chinese delegation and representatives of the Trump administration was held on Wednesday. The two sides have their differences especially in issues like trade deficit, subsidies in key trade sectors (such as steel), and rising protectionism in the United States. While tensions are likely…
Read moreA chance to thrive
Many Americans remain concerned about the economy. Our research shows these anxieties are not misplaced. The U.S. economy has become less dynamic since the Great Recession — more businesses have closed than opened, the rate of new business formation remains low, and workers are finding it difficult to change jobs, move and earn higher wages….
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