In a nice opinion piece for The Wall Street Journal, by Schramm et al. They essentially say that the age of the business not the size is the more precise characteristic of companies creating jobs.The more precise factor is not the size of businesses, but rather their age. According to the Census Bureau, nearly all net job creation in the U.S. since 1980 occurred in firms less than five years old. A Kauffman Foundation report released yesterday shows that as recently as 2007, two-thirds of the jobs created were in such firms. Put more starkly, without new businesses, job creation in the…

