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The Other Aging of America: The Increasing Dominance of Older Firms

Posted on August 3rd, 2014 at 2:06 by Sueyourdeveloper in category: News -- Write a comment

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Like the population, the business sector of the U.S. economy is aging. Our research shows a secular increase in the share of economic activity occurring in older firms—a trend that has occurred in every state and metropolitan area, in every firm size category, and in each broad industrial sector…

We explore three potential contributing factors driving the increasing share of economic activity occurring in older firms, and find that a secular decline in entrepreneurship is playing a major role. We also believe that increasing early-stage firm failure rates might be a growing factor…

…it has become increasingly advantageous to be an incumbent, particularly an entrenched one, and less advantageous to be a new entrant.

Owning a monopoly means never having to say sorry.

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