Entrepreneurs are the main source of jobs and new wealth in the modern society. In US almost all the new jobs are created by companies that have been formed since 1975. As a matter of fact, the companies that dominated the Fortune 100 list then have all shed employees and have smaller payroll now than back then. Familiar names like IBM, GM, Ford, US Steel, GE, Honeywell are much leaner now than they were back then. Giant retailers like Sears, JC Penneys, Macy’s have been humbled by the likes of Amazon and eBay.
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