New Businesses, Not Small Businesses, Create Jobs

How can we create more jobs?

“The conventional wisdom is that [small] businesses account for half of the labor force and are therefore the engine of future job creation. That’s not quite the case. The more precise factor is not the size of businesses, but rather their age,” say Carl Schramm, Robert Litan, and Dane Stangler.

Read the rest at the Wall Street Journal.