More difficult to run a successful business in the United States
It's becoming more and more difficult to run a successful business in the United States without doing lobbying, campaign contributions and other deals with politicians. This I think is the most dangerous, I would even say nefarious, trend for the creativity of American business in general, and young and new businesses which we badly need in particular.
-- Daron Acemoglu, an economist at M.I.T
The U.S. economy experienced large, broad-based declines in labor market fluidity in recent decades. Long-term declines in job and worker reallocation rates hold across states, industries, and demographic groups defined by gender, education and age. Fluidity declines are large for most groups, and they are enormous for younger and less educated workers.
"Labor Market Fluidity and Economic Performance", September 2014, Steven J. Davis and John Haltiwanger, professors of economics at the University of Chicago and the University of Maryland, respectively