From WSJopinion: More women and minorities are starting businesses, seeing how they can participate in our wonderful free-market system, writes Joe Ricketts
Wonder Land: The Democratic presidential candidates make"corporations" a bogeyman even scarier than Donald Trump. Image: Aaron Josefczyk/ReutersWe’re treading water. The most recent figures from the U.S. Census Longitudinal Business Database show America losing nearly as many businesses as are launched.
In 2016, the most recent year for which data are available, roughly 433,000 businesses were born, and 400,000 died. The share of new firms as a percentage of total firms today hovers around 8%, much lower than the average “business birthrate” of 11% between 1980 and 2010. That’s a big concern because new businesses are engines of innovation, job creation and economic growth.
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