Don't Overlook Jobs Created by Failed BusinessesScott Shane
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.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Tesla Unveils ‘World’s Fastest Production Car’ and Electric Big Rig
- Norway Idea to Exit Oil Stocks Is ‘Shot Heard Around the World’
- Getting a Dog May Save Your Life, Especially If You’re Single
- The Questionable Math Behind Manafort’s Extravagant Home Renovations
- World’s Biggest Wealth Fund Wants Out of Oil and Gas