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> That explains why you, in particular, can't take a risk at starting a business. It does not explain why healthy/young/single/childless people do not try it. Historically, lots of small businesses are started not by healthy, young, single childless people, but by midcareer people that have savings to invest and professional networks and experience-based insights to build a business around. So, when those type of people lose opportunity to start businesses, then total business starts drop. Also, young people starting non-VC backed businesses have often relied on older midcareer relatives supplying financing, networks, and supporting experience, so many of the same things that hurt older people starting businesses (including healthcare costs, which—with common insurance schemes—not only tie you to wage labor but also still require you to maintain capital reserves for co-insurance, which reduces the attractiveness of using savings for speculative, long-payoff, high-risk business investment) also have a similar, if somewhat lesser, negative effect on younger people doing so. |