The Kauffman Foundation has taken a look at job creation since 1977. Kauffman Senior Fellow Tim Kane says startups aren’t just an important contributor to job growth: they’re the only thing.
Without startups, there would be no net job growth in the U.S. economy.
From 1977 to 2005, existing companies were net job destroyers, losing one million net jobs per year. In contrast, new businesses in their first year added an average of three million jobs annually.
No comments:
Post a Comment