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Ten years ago, Kauffman estimated that ~60 billion dollar revenue firms per year would need to be started to boost economic growth by 1%.
So, yes, it’s important to defend wealth creation. We aren’t doing nearly enough.
papers.ssrn.com/sol3/papers.cf…
So, yes, it’s important to defend wealth creation. We aren’t doing nearly enough.
papers.ssrn.com/sol3/papers.cf…
Note that this is separate from the question of the distribution of created wealth.
Much data seems to show that the US middle class has been left out of growth for years.
Much deeper question as to what to do there, but tearing down Google isn’t going to usher in prosperity.
Much data seems to show that the US middle class has been left out of growth for years.
Much deeper question as to what to do there, but tearing down Google isn’t going to usher in prosperity.
One clarification: Kauffman Foundation article came out in 2010, so more accurate to say “nine years ago” rather than exactly ten.
