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Startups Create Jobs

Back in the ‘70s, David Birch of MIT startled the world by reporting that US government data showed the predominance of new jobs in the US were created by startup companies. Most mainstream economists scoffed at these results, since “everybody” knows that big companies create new jobs.

Over the past thirty years, these surprising findings by Birch have been reinforced by many others. Most recently, Dr. Carl Schramm, CEO of the E. M. Kauffman Foundation (Kansas City) has produced a new set of data validating the earlier conclusions. Dr. Schramm presented the chart below to the Obama Jobs Summit late last year, demonstrating the importance of companies less than 5 years old to job creation in the US.

by: Bill Payne

Full Story: http://www.theicehouse.co.nz/Internal/InternalBlogs/AngelsBlog/tabid/236/EntryId/56/Startup-Create-Jobs.aspx

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