How creating sustainable businesses can help end unemployment
Imagine a society where only 1 out of 100 kids survives past the age of 15. What would that mean for the long-term survival of humanity? I’m sure you agree that there will be no society to talk about in the long run. If we use the same logic in businesses, there will be no economic growth if the current trend in creating and sustaining new businesses continues. Statistics show that only 1 out of 100 companies survive for 15 years or more, and only 20% make it to the 5-year mark, as shown by the graph below.

The number of businesses started and existing over some time determines economic growth. If the companies do not exist over a long period, there is no chance of economic prosperity. My worry is, why is our society not doing enough to ensure that we have more than 1% of the businesses surviving for over 15 Years. Then, what happens to the people who have been working in these businesses? Where do they go? You are right. They become unemployed, and their skills become dormant, a significant loss to the labor market.
My next concern was what we could do to end this …