Scott Rasmussen's Number of the Day for July 6, 2018
The Number of the Day columns published on Ballotpedia reflect the views of the author.
July 6, 2018: Nineteen percent (19%) of American workers are currently employed by firms that have been around for less than a decade. That is a substantial decline from 30 years ago when fully 33% of workers were employed by those younger companies.[1]
When you look at the newest startups—those companies under two years old—the story is the same. In 2015, just 4% of workers were employed by such firms. That’s less than half the total from 30 years ago.
This decline of entrepreneurial employment is what the Brookings Institution refers to as one of several “troubling indications that dynamism and competition in the U.S. economy have declined” in recent decades. The group's analysis suggests that these problems are related to “both growing market concentration and the reduced rate of entry by firms.”
Each weekday, Scott Rasmussen’s Number of the Day explores interesting and newsworthy topics at the intersection of culture, politics, and technology.
- July 5, 2018 – 23 percent of working age Americans get enough exercise
- July 4, 2018 – 242 years ago today, colonial politicians caught up to the colonial culture
- July 3, 2018 – 62 percent of news is seen as biased
- July 2, 2018 – 122 years ago yesterday, Harriet Beecher Stowe died
- June 29, 2018 – 17 percent of millennials receive financial support from parents
- To see other recent numbers, check out the archive.
Scott Rasmussen’s Number of the Day is published by Ballotpedia weekdays at 8:00 a.m. Eastern. Click here to check out the latest update.
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Columns published on Ballotpedia reflect the views of the author.
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