Wednesday, May 7, 2014

New report suggest US businesses are being deystroyed

According to the Washington Post "U.S. businesses are being destroyed faster than they’re being created"

The article goes on to read "The American economy is less entrepreneurial now than at any point in the last three decades. That's the conclusion of a new study out from the Brookings Institution, which looks at the rates of new business creation and destruction since 1978.
Not only that, but during the most recent three years of the study -- 2009, 2010 and 2011 -- businesses were collapsing faster than they were being formed, a first. Overall, new businesses creation (measured as the share of all businesses less than one year old) declined by about half from 1978 to 2011." Source http://www.washingtonpost.com/blogs/wonkblog/wp/2014/05/05/u-s-businesses-are-being-destroyed-faster-than-theyre-being-created/?hpid=z5

I hope this serves as a wake up call for all of us to look inward to what we can do. We can help our fellow American workers when we vote with our dollars. Not only does it help our fellow workers but it helps the country when another worker is employed and paying taxes.

Don't forget when you are out and about shopping look for the Made in the USA label because when it is American made, Americans were paid.

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