Americaa has a crisis that much of philanthropy and the social sector writ large isn’t registering. Our job creation machine, largely built after World War II, is broken. It turns out that it is really hard to get un- and under-employed people into good jobs—even if they are trained for them—if those jobs don’t exist.
For the past 40 years, the entities that create 90 percent of all new jobs—start-up companies less than five years old—have been on a steady downward trajectory. A recent Economic Innovation Group (EIG) report, “Dynamism in Retreat,” paints a frightening picture of this long-term decline.
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By: Ben Hecht, Stanford Social Innovation Review
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