Experts say the 30-year low in unemployment means that companies must be granting regular and significant pay raises or sending aloft the starting salaries of new employees as incentives to build a solid work force. Lots of people may be thinking about starting a business, but those plans get put on hold in times of low unemployment.
People build nest eggs, build reputations and build contacts.
When they finally step out, he said, they are ready. That's the scenario that led Pamela Gilchrist of Anderson Township to form PR-Link Public Relations in August 1999 in her home. Ms. Gilchrist, a former director of employee communications and senior manager of internal communications at Cincinnati Bell, said that rather than discouraging start-up companies, the vibrant economy and the Web brings opportunity for entrepreneurs. There is still lot of downsizing, restructuring and budget cutting to get a solid stock price and profitability. The irony of a surging economy is that this is the best of times and worst of times for new businesses, William C. Dunkelberg, chief economist for the NFIB, said.