Don't Overlook Jobs Created by Failed Businesses

With unemployment at stubbornly high levels, Washington's attention is focused on job creation. Recent research has shown that the formation of businesses is the source of much net job creation. But when discussing job creation by entrepreneurs, most observers focus on successful new businesses, assuming that most jobs are created from the growth of the best-performing startups. What's often overlooked is the fact that soon-to-be-unsuccessful entrepreneurs create even more jobs than their luckier counterparts.

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