New York Times: A Start-Up Slump Is a Drag on the Economy. Big Business May Be to Blame., by Ben Casselman
This post originally appeared in The New York Times on September 20, 2017.
Unemployment has fallen, and the stock market has soared. So why has the economic expansion since the recession been so tame, with sluggish productivity and, at least until recently, anemic wage growth?
Economists say the answer, to some degree, can be found in a start-up slump — a decline in the creation of new businesses — and a growing understanding of what’s behind it.