One of the biggest economic challenges currently facing the American economy might well be an even bigger one after the COVID-19 pandemic: the decline in American entrepreneurship. As John Dearie of the Center for American Entrepreneurship wrote earlier this year:
After remaining remarkably consistent for decades, the number of new businesses launched in the United States peaked in 2006 and then began a precipitous decline – a decline accelerated by the Great Recession. From 2002 to 2006, the economy produced an average of 524,000 new employer firms each year.
Image: https://www.aei.org
