Net job gains over the past three decades have come from companies less than five years old. About two thirds of new jobs have come from this group.
This is not currently happening, despite the disastrous spending of the Obama Administration. Because nothing is being done to create the environment for small business to prosper.
On the contrary, everything that impedes the small business operator has been created in the past years. Higher minimum wages on unskilled labor, and looming higher income taxes.
Just as importantly, there are constant anti-business diatribes from Washington which scare would-be entrepreneurs.
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