Jobs at US startups plunge; Less than 20% of high-tech startups in 2000 survived to 2009; Innovation in China
Nov 22nd, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Job creation by startups - - new firms up to one year old- - and young firms, defined as up to 5 years old, is crucial for the American economy. These firms are responsible for all the net annual job creation in the United States each year - - but in March 2011, companies less than a year old employed 2.5m people according to the Department of Labor. The full article also looks at the falling cost of innovation and we provide here a link to a presentation on innovation in China.