Fewer Entrepreneurs Equals Fewer New Jobs

In past years, start-up companies have generated three million new jobs annually, but that number has fallen below 2.5 million since the beginning of the recession. According to CNNMoney, Economist Tim Kane of the Hudson Institute states in the 1980’s and 1990’s 11 jobs were created by start-ups per every one thousand people. That number has fallen to less than eight for each thousand. He says, “The state of entrepreneurship in the United States is, sadly, weaker than ever.” One of the reasons he cites is the requirement by local and state officials for licenses and regulations that especially target lower and middle-class would-be entrepreneurs. In addition, MHProNews has learned, for companies that do not need office staff, taxes and paperwork are less when outsourcing work to freelancers in less developed countries.

(Image credit: eyewitnesstohistory—Henry Ford with first car, the Quadricycle, 1896)

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