The 30-year decline of American entrepreneurship

After a multi-year recession, a calm economy doesn’t sound like such a bad thing. But it is, and here’s why: it’s less creative and less efficient. Without the innovative disruption start-up companies bring to the table, productivity decreases. Employment rates do, too. In the U.S., this is a problem that is going on 30 years, despite the success stories of Bill Gates and Steve Jobs and other flashy leaders in the tech sector. In fact, sophisticated tech entrepreneurs have not been impacted nearly so much as the retailers and restaurants and construction companies that we see in our very own towns. This is a national problem and an un-American one, and it’s something that needs urgent fixing.