Americans’ Shift to Be Their Own Bosses Is Lasting in Pandemic
- Economists now considering if Covid-19 startup boom is lasting
- Startup surge may be contributing to U.S.’s high ‘quits rate’
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The surprising startup boom that took root in the U.S. last year shows little sign of having slowed, and, in fact, looks to be one factor in the nation’s high turnover rate in jobs.
Several weeks after the pandemic hit last March, economists spotted an uptick in the number of people filing initial tax paperwork for new businesses. It was unusual because the Great Recession, by comparison, saw a downward slide in such applications to the Internal Revenue Service.