WSJ: Wisconsin has one of the lowest rates of entrepreneurial activity in the nation, according to the 2012 Kauffman Index of Entrepreneurial Activity.
The rankings show the number of new businesses initiated per capita fell substantially from levels of a decade ago.
The Democrats wanted to tackle this problem head on, but Republicans resisted, and instead passed legislation that supposedly helped business, but mostly advanced their more ideological goals:
Between 2000 and 2002: 0.32 percent, or 320 of every 100,000 Wisconsin residents, started businesses. In 2012: The report says 0.18 percent, or 180 of every 100,000 adults in Wisconsin started a business, the fourth lowest of the 50 states. Only Michigan, Nebraska and Minnesota had a smaller percentage of residents engaged in entrepreneurial activity last year.
Wisconsin also showed the second biggest decline in entrepreneurship from a decade ago.
Nationwide, 300 of every 100,000 adults started a business in 2012.
Don't they count all the economic activity of us poor folks hawking our used crap on craigslist so that we can pay our bills?
ReplyDeleteDoesn't the economic activity of hiring collection agencies and then the costs of collecting unpaid bills more than exceed the declines in other segments of our economy?
To Anon: Silly persom - collections are outsourced to out-of-state prison labor!
ReplyDelete