Jobs
Public Corporations DON’T Have A Goal to Create Jobs – Large public corporations have an obligation to their shareholders to generate profits. These corporations do this by streamlining all sorts of process including making the workforce as efficient as possible. Congressional members that constantly say that public corporations do otherwise are lying and misleading their constituents. In an article in the Wall Street Journal, William Frezza, a Boston-based venture capitalist and fellow at the Competitive Enterprise Institute, is quoted as saying, “Jobs are an input, not an output; they’re a cost of doing business, not a goal of doing business.” (Wall Street Journal, October 28, 2011, Are Companies Responsible for Creating Jobs?)
Get Over It – Size DOESN’T Matter When Creating Jobs – In face, no mature corporation or business regardless of size has a major goal of creating jobs. Once a company has been established and profitable, the major concern of most executives is to make the company as efficient as possible for investors.
New Startups and Young Businesses Create Jobs – According to the government’s National Bureau of Economic Research, “Our findings highlight the important role of business startups and young business in U.S. jog creation. Business startups contribute substantially to both gross and net job creation.” (National Bureau of Economic Research, Who Creates Jobs? Small vs. Large vs. Young by John C. Haltiwnger, Ron S. Jarmin, Javier Miranda, August 2010.)
So How Do We Encourage Startups and Young Business
- Venture and Start-up Capital – Low Interest Loans
- Healthcare and Benefits to encourage new hires for startup companies. Small companies must be able to provide quality employment for its smaller workforce.
- Tax breaks for companies with less than 50 employees who hire new employees
- State Governments offering free or low cost Business Plan management courses and courses to navigate the local, state and federal government paperwork involved in starting a new business.
- Encourage small strip-mall style retail businesses who hire and allow the local community to spend efficiently their hard earned money. This includes local businesses such a hair styling, restaurants, cleaners, clothing and home furnishing. This includes help with rental contracts, merchant account contracts, advertising and promotion within the local city government.






