In a recent investigative article on risk-taking and entrepreneurship in the June 20 Wall Street Journal, Ben Casselman finds that Americans have become more risk-averse. This decline of risk-taking and entrepreneurship is manifested in the decline of new business formations, start-up rates, new job creation, and fewer adults changing jobs. It is creating less churn and dynamism in the economy, important characteristics of a growing economy.
To read the original article: Is productive entrepreneurship in decline in the U.S.?
