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Where the Jobs Are
Entrepreneurship and the Soul of the American Economy
“Three years ago John Dearie and Courtney Geduldig, who both worked for the Financial Services Forum, which represents America’s biggest financial institutions, came up with an inspired idea. Why not ask entrepreneurs themselves what is going wrong? Both big multinationals and established small firms have lots of representatives in Washington, DC. Entrepreneurs are too busy inventing their companies to spend time lobbying. The pair organized meetings and conducted lots of polls. Across a vast and diverse country they heard the same message from everyone they asked: entrepreneurship is in a parlous state. And everyone pointed to the same problems. The result is a new book, “Where the Jobs Are”, which should be dropped onto the heads of America’s squabbling politicians.”
—The Economist
John Dearie (Author), Courtney Geduldig (Author)
9781118573242, Wiley
Hardback, published 1 November 2013
272 pages
23.6 x 16.1 x 2.3 cm, 0.472 kg
A guide to ending America's jobs emergency by accelerating the true engine of job creation—start-ups Four years after the end of the Great Recession, 23 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 restore 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 any size or age 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 rate of new business formation has declined significant in recent years, and the number of new jobs created by new firms is also falling. In Where the Jobs Are, the authors recount the findings of a remarkable summer they spent traveling the country to meet and conduct roundtables with entrepreneurs in a dozen cities. More than 200 entrepreneurs participated—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. Those obstacles include 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, a mounting regulatory burden, unnecessary tax complexity, and severe Washington-produced economic uncertainty. Engaging and informative, Where the Jobs Are reveals with unprecedented precision and clarity the major obstacles undermining the fragile economic recovery, 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.
Foreword Norman R. Augustine ix Preface Rob Nichols xiii Introduction xvii Chapter 1 America’s Jobs Emergency 1 Chapter 2 Not Just Small Businesses New 15 Chapter 3 On the Road with America’s Job Creators 23 Chapter 4 “Not Enough People with the Skills We Need” 31 Chapter 5 “Our Immigration Policies Are Insane” 53 Chapter 6 “Not All Good Ideas Get Funded Anymore” 73 Chapter 7 “Regulations Are Killing Us” 107 Chapter 8 “Tax Payments Can Be the Difference between Survival and Failure” 119 Chapter 9 “There’s Too Much Uncertainty—and It’s Washington’s Fault” 131 Conclusion 177 Afterword Senator Jerry Moran (R-KS) Senator Mark Warner (D-VA) 183 Appendix Summary of Recommendations 187 Notes 195 Acknowledgments 229 About the Authors 235 Index 237
Subject Areas: Business & management [KJ]
