“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 of any other post-recession period.

By: Kim Hart, Axios

Read the full article here.

Economic Dynamism 

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