While we still don’t know whether the jobs created by automation will fully account for the jobs removed by automation or how the rise of remote freelancers will affect the global economy, we can at least predict one thing: Entrepreneurs will continue adding jobs to economies worldwide for years to come.
The Report
According to the 2016 Global Entrepreneurship Monitor (GEM) survey — the largest single study of entrepreneurs in the world — fifty-five percent of all entrepreneurs across the globe are expected to create at least one job within the next five years. The survey has uncovered new data points annually for 18 years, and so it can provide plenty of the context surrounding the world’s entrepreneurs. From a recent GEM blog post: But the number of jobs entreprenuers tend to create isn’t the only interesting fact to emerge from the report. Here are a few more: […] Regionally, Average Total Early Stage Entrepreneurial Activity (TEA) rates are highest in Latin America and the Caribbean and in Africa. In both regions, roughly one-fifth of adults are engaged in early-stage entrepreneurial activity. Europe reports the lowest regional TEA rates, with three of the four lowest rates in this region. Italy, Germany and Bulgaria all fall below 5 per cent.”
There’s a Strong Correlation Between Entrepreneurship and Its Positive Image
If a country’s media likes entrepreneurs, that country will likely see more of them. Which makes sense, really.
Chile Has a Lot of Entrepreneurs
One country beats out the others:
Innovation Follows Economic Development
In the end, the number of jobs in an economy is still dependent on how strong that economy already is… which means that, as great as entrepreneurs are for adding jobs, they can’t single-handedly overcome any future weakening economies.
