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America’s Wealth Gap ‘Unsustainable’ According To Harvard Study

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Huffpost Business

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 The widening gap between America’s wealthiest and its middle and lower classes is “unsustainable”, but is unlikely to improve any time soon, according to a Harvard Business School study released on Monday.

The study, titled “An Economy Doing Half its Job”, said American companies – particularly big ones – were showing some signs of recovering their competitive edge on the world stage since the financial crisis, but that workers would likely keep struggling to demand better pay and benefits.

“We argue that such a divergence is unsustainable,” according to the report, which was based on a survey of 1,947 of Harvard Business School alumni around the globe, and which highlighted problems with the U.S. education system, transport infrastructure, and the effectiveness of the political system.

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The Venture Capital Secret: 3 Out of 4 Start-Ups Fail

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It looks so easy from the outside. An entrepreneur with a hot technology and venture-capital funding becomes a billionaire in his 20s.  But now there is evidence that venture-backed start-ups fail at far higher numbers than the rate the industry usually cites.

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Daniel Dreymann’s antispam service Goodmail failed, despite getting $45 million in venture capital.

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http://online.wsj.com/article/SB10000872396390443720204578004980476429190.html?mod=pls_whats_news_us_business_f

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