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Risks whether it's starting a new business -- changing jobs for our next guests delved into our appetite for risk next discover that these days more to play it safe.
Joining us now -- cannot economics reporter Ben councilman.
Then this bothers me I mean you know back in the colonial times they win across the country -- wagons the Feingold what happened this shouldn't worry you it's a concern.
We've seen a decline in risk taking by a lot of different measures people are changing jobs less frequently.
People are starting businesses less frequently investors are putting less money towards new ventures and let's talk about why obtaining jobs less frequently a lot that has to do with housing -- got to believe.
Some -- it does but keep in mind these are trends that go back multiple decades this is not just something that's happened since the recession we're talking about trends that date back to the ninety's even in some cases the -- so why are people -- it's funny to me because in my generation that -- black we changed jobs so much it's amazing right we think about it as nobody holds a job for a long time anymore everybody's always changing jobs.
The data don't back that up.
People are actually staying in jobs for longer more people are now have now been in jobs for five years or more than less for the first time in decade.
It's what about the notion that.
The government is.
Basically challenging you when it comes to get loans for start -- and things like that -- -- a number of different factors that are almost certainly going on here are some of the regulation you need a license now in many places to become a hairdresser I have a food truck right these are kind of basic entrepreneurial ventures that are now more difficult for.
At the same time you're competing in almost every sector -- big companies you wanna start a book store -- competing with Amazon you want to start a coffee shop you're competing with Starbucks.
-- much more difficult to get your venture off the ground in Iraq.
And -- expose the aging population plays into this as well absolutely you're much more likely to start a business when you're younger.
Baby boom generation is aging that makes people less likely to to start businesses less likely also to it to move across the country -- to quit your job and start something -- About health care costs health care costs absolutely if if you wanna go and start -- business are you must know people like this to say I wanna start a business.
But how -- my gonna pay for health care.
And it also affects companies when their hiring they know it's gonna cost a lot of money to hire people and give them health -- different parts of the country though are willing to take more risk than others right.
-- we're seeing it silicon valley of course we see all the time right absolutely boom and risk taking lots of people starting companies.
Boston the northeast looks pretty good and -- and some of these college towns like Boulder, Colorado Austin, Texas.
We've seen in the oil industry right -- and that -- -- revolution no question that people were betting billions of dollars on Matt.
But if you look at kind of the middle of the country -- you look at a lot of places that were old industrial places we're just not seeing the kind of entrepreneurship there that we haven't come.
Part of -- -- now is these people have been laid off from jobs they're stuck in homes they can't sell and now they don't have the skills to take with them anymore right because.
You know the steel mills -- glamour -- down and manufacturing it is not always appreciated but that was a core area of sort of small business entrepreneurship small manufacturers.
And now you're not seeing that in the same -- sure we see Internet startups the most of those unemployed that many people they're not the kind of economic engines that have been a steel mill.
-- -- it you stretch at manufacturing sector sector as well it is losing steam that's not a good sign is it.
No I mean we we saw some really lousy manufacturing numbers yesterday was interesting early in this recovery it was being driven the strength is being driven by overseas sales again weakness in the domestic market now -- the reverse the domestic economy looking at a quipped looking a little bit better.
But were being hit by what's happening in Asian happening overseas they're still.
At least actually.
Person in the room that's -- we'll we'll take it over and over we are really well betacast -- a lot to -- thank you very much thank you know.
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