The COVVI-19 pandemic inaugurated a boom of commercial applications in the United States after years of slowness. But is this startup overvoltage real? It seems that it is. While certain sources of entrepreneurship data operate on a gap, it seems that the rise in entrepreneurship is real and likely to lead to greater creation of jobs and productivity in the United States in the long term.
The Covide-19 pandemic sparked an unexpected entrepreneurship boom, while the Americans have chosen to start businesses at record rates. Just as unexpected was the sustainability of the boom. Potential entrepreneurs have proven to be inaugurated by fears of recession, labor and supply chain constraints, the highest generation inflation rates and rapid interest rates increases. In October 2023, more than three and a half years after the start of the pandemic, the Americans still submitted 59% more requests to start new businesses than before the pandemic. The resurgence is all the more remarkable given the depth of startup rates and other measures of economic dynamism in or almost all the lowest in the 2010s.