Here's a sobering fact: Since 2008 the number of U.S. businesses closing each year has outpaced the number of businesses being created. That hasn't happened, even during a recession — in the past 30 years.
This is bad news for the economy and for workers, as fast-growing new firms contribute disproportionately to new job creation. Yet the number of high-growth firms — firms that increase employment by 20 percent a year for at least three consecutive years — as a percent of all firms dropped to 2 percent in 2012 from 3.1 percent in 1997.
