While unemployment and asset prices have recovered in the past decade, business starts have remained at historic lows. When these small businesses die they aren't being replaced by upstarts. I wish we knew why.
I'm worried the future will be a small handful of oligopolist mega-corps. You see this consolidation in every industry: banks have consolidated (there are fewer banks now than at any point in modern US history), a few leading tech firms, agriculture, energy, etc.
https://www.census.gov/newsroom/blogs/research-matters/2018/...
While unemployment and asset prices have recovered in the past decade, business starts have remained at historic lows. When these small businesses die they aren't being replaced by upstarts. I wish we knew why.
I'm worried the future will be a small handful of oligopolist mega-corps. You see this consolidation in every industry: banks have consolidated (there are fewer banks now than at any point in modern US history), a few leading tech firms, agriculture, energy, etc.