And, no, 4/5 of all new business starts do not, nor ever have, failed. The % is about 50, and always has been. But what is different today is that new starts are typically very small and stay that way to get out of regulations and taxes---they are called "micro businesses" and they are the fastest growing share of the U.S. business population (5 employees or less). Typically these employ a couple of family members or "consultants" who do not get health or taxes paid for them, but who can make pretty good money.
And they are a significant share of the jobs "lost" that actually haven't disappeared, but have transformed.
Yeah from high paying manufacturing jobs that were creating wealth into burger flipping, insurance selling, car detailing, gutter cleaning, lawn care jobs. Sheesh you are clueless if you think this is good.