America’s Startup Boom Just Hit a Record High. Critics Say It’s Not What It Seems

Alongside a boom of startups popping up around the US this year and a record 3.23 million business applications made through May of this year, some commentators argue that this may be a current trend as opposed to a sign of a successfully progressing economy. With only 30% of them, based on 2025 numbers, expected to become real employers. Creating employment however may not be the goal, as Booth's Erik Hurst, Roman Family Distinguished Service Professor of Economics, Senior Advisor of the Becker Friedman Institute, and John E. Jeuck Faculty Fellow,  touches on in this Inc. article. 

Read the full article at the Inc. website to learn more about the "fake boom" of startups popping up this year.