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Economic dynamism falls across the US

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There may not be enough new jobs to compensate for robots after all

/   Steve LeVine, Axios

We reported yesterday that new startups are forming at the slowest rate on record, according to an analysis by the Economic Innovation Group. But the additional point, made by McKinsey, the consultant firm, is that even when they are formed, they aren’t lasting very long. … By: Steve LeVine, Axios Read the full article here.

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The Answer to Income Segregation? High-Density Affordable Housing

/   Dawn Hanson, Rivard Report

Today, 78207 continues to be a place of inequities with 40.7% of its population living below the poverty line. In 2015, the Distressed Communities Index named San Antonio one of the most inequitable cities for income segregation. Today, as it was 50 years ago, housing is at the heart of the segregation problem in San…

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In the economic circle of life, businesses are dying faster than ever

/   Kai Ryssdal and Emily Henderson, Marketplace

Not to get all “Lion King” here, but there’s a circle of life in business, just like in the rest of the world. Companies are born, and they die. But now we’re facing an economic situation where companies are dying faster than they’re being created. That’s the upshot of a study by the Economic Innovation…

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Explaining the decline in US entrepreneurship

/   James Pethokoukis, AEI

I should note the piece uses analysis from the Economic Innovation Group (EIG). Its analysis from earlier this year, “Dynamism in Retreat,” speculates the startup decline stems from “declining population growth, a sharp decline in startup capital (notably home equity) during the recession, and changes to the regulatory environment,” according to Hart. … By: James…

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The disappearing startup

/   Kim Hart, Axios

“This is new territory for the U.S. economy,” said John Lettieri, co-founder of EIG. “Firms that don’t get created don’t create jobs…The ripple effects are really hard to overstate.” The birth rate of new companies collapsed with the Great Recession, and the number of firms that opened during the recovery period is lower than that…

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This is why America’s economic engine is losing steam

/   Marcus Baram, Fast Company

Sorry to ruin your breakfast but this new study by nonprofit research group the Economic Innovation Group has some sobering numbers on the state of the American economy. A creative and growing economy has always depended on new firms to replace dying industries, and this pattern has been repeated in this country for centuries. But…

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