– nearly four-in-five American workers are currently employed by organizations born prior to 1995


-the rate of new firm formations fell significantly during this period—occurring because the number of new firms being formed each year (numerator) didn’t keep pace with the growth in the stock of total firms in the economy (denominator). The same was not true of firm exits, which did keep pace with the growth in total firms—allowing the firm failure rate to hold mostly steady before rising in the second half of the last decade.


~ The Other Aging of America: The Increasing Dominance of Older Firms by Ian Hathaway, Ennsyte Economics*, Robert Litan, The Brookings Institutio