Clifton says for the past six years since 2008, employer business startups have fallen below the business failure rate, spurring what he calls “an underground earthquake” that only stands to worsen as lagging U.S. Census data becomes available.
“Let’s get one thing clear: This economy is never truly coming back unless we reverse the birth and death trends of American businesses,” writes Clifton.
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2 comments:
Well, you'd think they got this from the Eastern Shore but as the people in the right positions keep saying, jobs and opportunities are on the rise. Yes they are because local businesses keep closing down and the opportunity to purchase a building is in fact on the rise. Jobs, well, that's just a lie.
I really wish they didn't aggregate six years of data. I bet that 2008, 2009 and 2010 skew a lot of this data. I'd rather see the past three years. That would be more interesting for sure.
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