US Entrepreneurship Collapse: Startup firms with employees on slide since 1980s
US Entrepreneurship Collapse: The rate of creation of new US startups with employees has been on the slide since the 1980s - - a trend that has coincided with banking consolidation and the rise of the web. The number of founder-only businesses also declined in 2011 in the overall individual count from a rate of 340 out of 100,000 adults in 2010 to 320 out of 100,000 adults, which represents a drop of 5.9%. This 0.32 business-creation rate translates into approximately 543,000 new businesses being created each month during the year. However, it's a stretch to term all people who are doing contract work, entrepreneurs by choice. Immigrants were more than twice as likely as were the native-born to start businesses each month in 2011. In the period 1977-2009, the rate of new employer businesses fell from 35 for every 10,000 Americans to 18 in 2009 -- 50% decline.
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