Is everyone becoming a builder?
As the cost of production goes to zero, in theory the long tail of new businesses/products should expand exponentially
Is everyone becoming a builder?
Americans are back on their entrepreneurial grind, after a 40-year decline in entrepreneurship.
New business applications by year:
2019 3.5 million
2020 4.3 million
2021 5.4 million
2022 5.1 million
🚨NEW: Once again, Americans filed to start new businesses like never before last year.
The Census Bureau tallied nearly 1.7m applications to start new likely employer businesses in 2022 -- 28% more than before the pandemic.
https://eig.org/2022-business-formation/... See more
4.4M businesses were started in the US last year - that’s up 24% from the year before and the biggest increase on record by far.
The future of entrepreneurship is bright.
The future is self-employed
New businesses formed in the US 🚀
2019: 3.5 million
2020: 4.4 million
2021: 5.4 million
2022: 5.1 million
Only about 1/3rd of the applications filed in 2021 are for businesses deemed likely to hire employees
Majority are self employed
Source:… Show more
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