Here's Exactly How Much Innovation Matters to the U.S. Job Market
100% of net new job growth comes from firms less than 5 years old.
“As it turns out, the dynamism of the U.S. high-tech companies matters not just to scientists, software engineers and stock holders, but to the community at large,” writes economics professor Enrico Moretti, the author of The New Geography of Jobs, in the Bay Area Council Economic Institute’s 2012 tech industry employment report.
“While the average work…