The “Economic Recovery” Continues: Businesses Are Being Destroyed Faster Than They Are Being CreatedSubmitted by emalvini on Wed, 05/07/2014 - 12:34
The “Economic Recovery” Continues: Businesses Are Being Destroyed Faster Than They Are Being Created
By Michael Snyder, on May 6th, 2014
What would you say about an economy where businesses are shutting down faster than they are opening? Well, a shocking new study released by the Brookings Institution indicates that this is exactly what is happening in the United States. We are absolutely killing small businesses and the entrepreneurial spirit in this country, and as you will see below, the number of self-employed Americans has been on a downward trend for a decade even though our population has been steadily growing. Traditionally, small businesses have been the primary engine of job growth in this nation, so the fact that study after study has found that small business creation is being crippled in the United States is a really bad sign for our economic future.