Slumping Startups

While demographics, regulation, and dominance of bigger businesses may be part of why the economy is growing slowly, another factor is probably the dwindling relevance of startups. Since 1977, the number of firms less than a year old has steadily fallen from 15% to 8%, and the number of persons employed in those same firms has progressively declined from 4% to 2%; equal to the loss of three million jobs.