The recently released Global Entrepreneurship Monitor (GEM), a nationally representative survey of American adults, reveals that the fraction of Americans who intend to start a business rose to 12.5 percent in 2012 — a substantial increase from the 8.3 percent recorded in 2008.
What’s behind the change?
It doesn’t appear to be driven by a shift in Americans’ beliefs about their entrepreneurial abilities. In both 2008 and 2012, 56 percent of Americans said they had the skills to start a business.
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