We need to deal with being replaced

Entrepreneurs build companies and create jobs for others. At least that’s how it’s supposed to work. This has become less effective over-time with rapid technological improvements that make starting a new business much less labor-intensive than before.

 

jobs created per startup

 

As there is no reason to expect this trend to reverse, it may be useful to think about shifting the policy focus from promoting business creation to protecting / re-training low-skilled workers to prevent further worsening of inequality.

Categories:

Business, Economy
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