Latest / The Productivity Podcast with Fexingo: Output, Efficiency, and Long-Term Economic Growth
Why Young Firms Are Disappearing and Stalling Productivity Growth
Fifty years ago, half of all U.S. firms were less than five years old. Today, it's one in three. This decline in 'business dynamism' — the birth, growth, and death of companies — is a hidden drag on productivity. Economists like John Haltiwanger and Ryan Decker have documented falling startup shares and reduced labor reallocation, which may account for up to a third of the productivity slowdown since 2000. In this episode, Lucas and Luna explore the causes: market concentration, regulatory barriers, and the 'kill zone' of big tech acquisitions. They discuss how…
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