The puzzle of slow U.S. growth that’s bedeviled Federal Reserve Chair Janet Yellen has some roots in a shortfall of good ole American entrepreneurship.
The issue is a lack of new ventures and the jobs they create. The dearth of startups is an important factor behind a decade-long productivity slump, say researchers at the Fed, the Joint Economic Committee of Congress and the National Bureau of Economic Research.
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By: Steve Matthews, Bloomberg
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