About the Book
Ending America’s Jobs Emergency by Accelerating the True Engine of Job Creation – Start-Ups
More than four years after the end of the Great Recession, 24 million Americans remain unemployed, underemployed, or have left the workforce discouraged. Even worse, Washington policymakers seem out of ideas.
Where the Jobs Are: Entrepreneurship and the Soul of the American Economy shows how America can revive its great job-creation machine.
Recent research has demonstrated that virtually all net new job creation in the United States over the past thirty years has come from businesses less than a year old – true “start-ups.” Start-up businesses create an average of three million new jobs each year, while existing businesses of all sizes, types, and ages, in aggregate, shed a net average of about one million jobs annually.
Unfortunately, the vital signs of America’s job-creating entrepreneurial economy are flashing red alert. After remaining remarkably consistent for decades, the number of new businesses launched each year – and the average number of new jobs those new firms create – has declined significantly in recent years.
Co-authors John Dearie and Courtney Geduldig wanted to know why. In Where the Jobs Are, they recount the findings of a remarkable summer they spent traveling the United States to meet and conduct roundtables with entrepreneurs in a dozen cities. More than 200 entrepreneurs participated – from a web-based software company in Seattle to an industrial construction firm in Orlando, from a developer of bioscience technologies in Boston to a distributor of glow-in-the-dark fluorescent fish in Austin – all explaining in specific and vividly personal terms the issues, frustrations, and obstacles that are undermining their efforts to launch new businesses, expand existing young firms, and create jobs.
In Where the Jobs Are, the authors:
- Explain how start-ups are different from existing businesses, large or small, and why they represent the engine of job creation;
- Reveal how policymakers’ failure to understand the unique nature and needs of start-ups has undermined efforts to stimulate economic growth and job creation following the Great Recession;
- Assess the critical obstacles to new business formation and job creation identified by America’s entrepreneurs, including a dangerously underperforming education system, self-defeating immigration policies that thwart the attraction and retention of the world’s best talent, access to capital difficulties, unprecedented regulatory burdens, debilitating tax complexity, and severe Washington-produced economic uncertainty; and,
- Present a detailed, innovative, and uniquely credible 30-point policy agenda based on what America’s job creators told the authors they urgently need.
Ground-breaking, fascinating, and informative, Where the Jobs Are reveals with unprecedented clarity the major obstacles undermining the fragile economic recovery and job creation, and provides a vitally important game plan to unleash the job-creating capacity of the entrepreneurial economy and put a beleaguered nation back to work.