Why We Must Innovate
Fusce dapibus, tellus ac cursus commodo, tortor mauris condimentum nibh, ut fermentum massa justo sit amet risus. Donec sed odio dui. Aenean eu leo quam. Pellentesque ornare vestibulum.
In this training, you will
- Morbi leo risus, porta ac consectetur ac, vestibulum at eros.
- Duis mollis, est non commodo luctus, nisi erat porttitor ligula, eget lacinia odio sem nec elitonec metus auctor fringilla.
- Curabitur blandit tempus porttitor.
Skills You Will Develop
Our Current Socioeconomic Landscape and What the Future Holds
Citing data from the United States Census Bureau’s Business Dynamics Statistics database, FiveThirtyEight’s Casselman writes, “New businesses are a key driver of job growth, responsible for more than 15 percent of new job creation despite accounting for just 2 percent of total employment.”
The U.S. Bureau of Labor Statistics’ Business Employment Dynamics data demonstrates that “the number of jobs created by establishments less than 1 year old has decreased from 4.1 million in 1994 … to 3 million in 2015. This trend combined with that of fewer new establishments overall indicates that the number of new jobs in each new establishment is declining.”
| Title | Nibh Venenatis | Aenean |
|---|---|---|
| Ligula Condimentum | Maecenas sed diam eget risus varius blandit. | 242,094 |
| Etiam Quam | Curabitur blandit tempus porttitor. | 20,184 |
| Ligula Condimentum | Maecenas sed diam eget risus varius blandit. | 242,094 |
| Etiam Quam | Curabitur blandit tempus porttitor. | 20,184 |
| Ligula Condimentum | Maecenas sed diam eget risus varius blandit. | 242,094 |
| Etiam Quam | Curabitur blandit tempus porttitor. | 20,184 |
Donec id elit non mi porta gravida at eget metus.
Vivamus sagittis lacus vel augue laoreet rutrum faucibus dolor auctor. Maecenas faucibus mollis interdum. Etiam porta sem malesuada magna mollis euismod. Aenean eu leo quam. Pellentesque ornare sem lacinia quam venenatis vestibulum.
Vestibulum id ligula porta felis euismod semper. Cras justo odio, dapibus ac facilisis in, egestas eget quam. Aenean eu leo quam. Pellentesque ornare sem lacinia quam venenatis vestibulum. Fusce dapibus, tellus ac cursus commodo, tortor mauris condimentum nibh, ut fermentum massa justo sit amet risus. Nullam id dolor id nibh ultricies vehicula ut id elit. Aenean eu leo quam. Pellentesque ornare sem lacinia quam venenatis vestibulum.
The State of American Businesses
We’re Witnessing a Disturbing Trend in the Decline of New U.S. Businesses.
The 2017 Kauffman Index of Startup Activity 1 finds that “startup activity remains in a long-term decline when compared to activity levels in the 1980s.” Citing Kauffman Foundation and U.S. Census Bureau data, Inc. editor Leigh Buchanan writes, “The number of companies less than a year old had declined as a share of all businesses by nearly 44 percent between 1978 and 2012.”
In FiveThirtyEight 2, Ben Casselman notes that, according to the Census Bureau, “Americans started 27 percent fewer businesses in 2011 than they did five years earlier. … As a share of all companies, startups have been declining for more than 30 years.”
Only 12 percent of the Fortune 500 companies from 1955 are still in business, and last year alone, 26 percent fell off the list..”
Rewriting the rules for the digital age, Deloitte University Press, 2017
We’re Witnessing a Disturbing Trend in the Decline of New US Businesses.
Citing data from the United States Census Bureau’s Business Dynamics Statistics database, FiveThirtyEight’s Casselman writes, “New businesses are a key driver of job growth, responsible for more than 15 percent of new job creation despite accounting for just 2 percent of total employment.”
The U.S. Bureau of Labor Statistics’ Business Employment Dynamics data demonstrates that “the number of jobs created by establishments less than 1 year old has decreased from 4.1 million in 1994 … to 3 million in 2015. This trend combined with that of fewer new establishments overall indicates that the number of new jobs in each new establishment is declining.”
When new businesses aren’t being born, the free enterprise system and jobs decline. And without a growing free enterprise system, without a growing entrepreneurial economy, there are no new good jobs. That means declining revenues and smaller salaries to tax.”
Jim Clifton, American Entrepreneurship: Dead or Alive?, Jim Clifton, Gallup News, 2015
We are behind in starting new firms per capita, and this is our single most serious economic problem,” writes Jim Clifton, chairman and CEO of Gallup. “I don’t want to sound like a doomsayer,” Clifton continues, “but when small and medium-sized businesses are dying faster than they’re being born, so is free enterprise. And when free enterprise dies, America dies with it.” Clifton cited U.S. Census Bureau statistics showing that 400,000 new businesses are born every year — but 470,000 die.
Fig 1.1
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The responsibility for these trends can’t fall solely on the Great Recession of 2007–09. Citing work from University of Maryland economist John Haltiwanger, the Atlantic’s Weissmann writes that the recession actually interrupted “the gradual mellowing of our job market.”
What does that “gradual mellowing” mean? A shrinking middle class — the very thing needed for a strong, growing economy.
The Declining Number of New Businesses Has Troubling Implications for the U.S. Economy and Labor Force.
Citing data from the United States Census Bureau’s Business Dynamics Statistics database, FiveThirtyEight’s Casselman writes, “New businesses are a key driver of job growth, responsible for more than 15 percent of new job creation despite accounting for just 2 percent of total employment.”
In this training, you will
- Morbi leo risus, porta ac consectetur ac, vestibulum at eros.
- Duis mollis, est non commodo luctus, nisi erat porttitor ligula, eget lacinia odio sem nec elitonec metus auctor fringilla.
- Curabitur blandit tempus porttitor.
The responsibility for these trends can’t fall solely on the Great Recession of 2007–09. Citing work from University of Maryland economist John Haltiwanger, the Atlantic’s Weissmann writes that the recession actually interrupted “the gradual mellowing of our job market.”
What does that “gradual mellowing” mean? A shrinking middle class — the very thing needed for a strong, growing economy.
The Declining Middle Class and Increasing Income Inequality
The United States Middle Class Is in Decline.
Citing data from the United States Census Bureau’s Business Dynamics Statistics database, FiveThirtyEight’s Casselman writes, “New businesses are a key driver of job growth, responsible for more than 15 percent of new job creation despite accounting for just 2 percent of total employment.”
The U.S. Bureau of Labor Statistics’ Business Employment Dynamics data demonstrates that “the number of jobs created by establishments less than 1 year old has decreased from 4.1 million in 1994 … to 3 million in 2015. This trend combined with that of fewer new establishments overall indicates that the number of new jobs in each new establishment is declining.”
| Title | Nibh Venenatis | Aenean |
|---|---|---|
| Ligula Condimentum | Maecenas sed diam eget risus varius blandit. | 242,094 |
| Etiam Quam | Curabitur blandit tempus porttitor. | 20,184 |
| Ligula Condimentum | Maecenas sed diam eget risus varius blandit. | 242,094 |
| Etiam Quam | Curabitur blandit tempus porttitor. | 20,184 |
| Ligula Condimentum | Maecenas sed diam eget risus varius blandit. | 242,094 |
| Etiam Quam | Curabitur blandit tempus porttitor. | 20,184 |
The Divide Between Upper-Income Families and Lower-Income Families Is Increasing.
Morbi leo risus, porta ac consectetur ac, vestibulum at eros. Duis mollis, est non commodo luctus, nisi erat porttitor ligula, eget lacinia odio sem nec elit. Aenean lacinia bibendum nulla sed consectetur. Maecenas sed diam eget risus varius blandit sit amet non magna. Nullam id dolor id nibh ultricies vehicula ut id elit.
Fusce dapibus, tellus ac cursus commodo, tortor mauris condimentum nibh, ut fermentum massa justo sit amet risus. Duis mollis, est non commodo luctus, nisi erat porttitor ligula, eget lacinia odio sem nec elit. Curabitur blandit tempus porttitor. Duis mollis, est non commodo luctus, nisi erat porttitor ligula, eget lacinia odio sem nec elit. Maecenas sed diam eget risus varius blandit sit amet non magna.
Citing data from the United States Census Bureau’s Business Dynamics Statistics database, FiveThirtyEight’s Casselman writes, “New businesses are a key driver of job growth, responsible for more than 15 percent of new job creation despite accounting for just 2 percent of total employment.”
The U.S. Bureau of Labor Statistics’ Business Employment Dynamics data demonstrates that “the number of jobs created by establishments less than 1 year old has decreased from 4.1 million in 1994 … to 3 million in 2015. This trend combined with that of fewer new establishments overall indicates that the number of new jobs in each new establishment is declining.”
Sed posuere consectetur est at lobortis. Etiam porta sem malesuada magna mollis euismod. Nullam id dolor id nibh ultricies vehicula ut id elit. Nullam quis risus eget urna mollis ornare vel eu leo. Maecenas sed diam eget risus varius blandit sit amet non magna.
Morbi leo risus, porta ac consectetur ac, vestibulum at eros. Donec sed odio dui. Nulla vitae elit libero, a pharetra augue. Aenean lacinia bibendum nulla sed consectetur.
The Way It Is
Citing data from the United States Census Bureau’s Business Dynamics Statistics database, FiveThirtyEight’s Casselman writes, “New businesses are a key driver of job growth, responsible for more than 15 percent of new job creation despite accounting for just 2 percent of total employment.”
The U.S. Bureau of Labor Statistics’ Business Employment Dynamics data demonstrates that “the number of jobs created by establishments less than 1 year old has decreased from 4.1 million in 1994 … to 3 million in 2015. This trend combined with that of fewer new establishments overall indicates that the number of new jobs in each new establishment is declining.”
The Effects of Increased Automation
and Artificial Intelligence
Citing data from the United States Census Bureau’s Business Dynamics Statistics database, FiveThirtyEight’s Casselman writes, “New businesses are a key driver of job growth, responsible for more than 15 percent of new job creation despite accounting for just 2 percent of total employment.”
The U.S. Bureau of Labor Statistics’ Business Employment Dynamics data demonstrates that “the number of jobs created by establishments less than 1 year old has decreased from 4.1 million in 1994 … to 3 million in 2015. This trend combined with that of fewer new establishments overall indicates that the number of new jobs in each new establishment is declining.”
Current Structures for Education
and Training
We’re Witnessing a Disturbing Trend in the Decline of New U.S. Businesses.
The 2017 Kauffman Index of Startup Activity 1 finds that “startup activity remains in a long-term decline when compared to activity levels in the 1980s.” Citing Kauffman Foundation and U.S. Census Bureau data, Inc. editor Leigh Buchanan writes, “The number of companies less than a year old had declined as a share of all businesses by nearly 44 percent between 1978 and 2012.”
In FiveThirtyEight 2, Ben Casselman notes that, according to the Census Bureau, “Americans started 27 percent fewer businesses in 2011 than they did five years earlier. … As a share of all companies, startups have been declining for more than 30 years.”
Only 12 percent of the Fortune 500 companies from 1955 are still in business, and last year alone, 26 percent fell off the list..”
Rewriting the rules for the digital age, Deloitte University Press, 2017