Fewer people moving and taking risks
Here are two surprising facts: the number of people who have moved across state lines is down 51% since the mid-20th century; the number of business owners under the age of 30 is down 65% since the 1980’s.1
Watch the news and you’d get a different impression. Why is dynamism falling?
I’ve added Tyler Cowen’s book to my Goodreads list.
From The Complacent Class by Tyler Cowen.↩