Americans go founder mode
What do you get when you combine a generation hooked on Shark Tank with a shaky US labor market and worries over job security? Errbody be foundin’. According to the Wall Street Journal: - In January, there were more than 532,000 new business applications in the US—up by ~37% from last year and nearly matching the pandemic peak in July 2020.
- The number of people who list themselves as founders on LinkedIn is up by 69% from a year ago.
While fears of AI-induced layoffs drive many Americans toward self-reliance, the tech also helps them once they strike out on their own. AI is lowering the barrier to entry for entrepreneurship by performing tasks like website creation and data analysis. |
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