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Why Teaching Grandmothers to Code Isn’t a Crazy Idea

Citation

Publication Date: 
August 15, 2014
Format: 
Op-Ed or News Article
Bibliography: Vivek Wadhwa, Why Teaching Grandmothers to Code Isn’t a Crazy Idea, Washington Post: Innovations, August 15, 2014.

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American businesses are ageing, as is the country; and this is bad for the economy, say Ian Hathaway and Robert Litan, of the Brookings Institution.They report that the share of older firms, aged 16 years or more, has increased from 23 percent in 1992 to 34 percent in 2011.

Start-ups have become a smaller proportion of the economy, going from 15 percent to 8 percent. This is worrisome because young companies account for a disproportionate share of job growth and tend to be more innovative than older ones.