(p. A10) Since 2002, the number of technology startups has slowed, hurting job creation. In a 2014 study, economists Javier Miranda, John Haltiwanger and Ian Hathaway said the growth of tech startups accelerated to 113,000 in 2001 from 64,000 in 1992.
That number slumped to 79,000 in 2011 and hasn’t recovered, according to the economists’ calculations using updated data. The causes include global competition and increased domestic regulation, says Mr. Haltiwanger, an economics professor at the University of Maryland.
For the full story, see:
Jon Hilsenrath and Bob Davis. “‘America’s Dazzling Tech Boom Has a Downside: Not Enough Jobs.” The Wall Street Journal (Thurs., Oct. 13, 2016): A1 & A10.
(Note: the online version of the story has the date Oct. 12, 2016, and has the title “‘America’s Dazzling Tech Boom Has a Downside: Not Enough Jobs.”)
The Haltiwanger paper mentioned above, is:
Haltiwanger, John, Ian Hathaway, and Javier Miranda. “Declining Business Dynamism in the U.S. High-Technology Sector.” Feb. 2014.