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Aug 18 2016 02:45pm
if you're like me and your main concern is job creation when it comes to who you're going to vote for it's probably worthwhile to take a look at where jobs actually come from

article from forbes on the matter as i start digging into this subject,

the bolded i had assumed to be true from several years of experience in the private sector as large well established corporations tend to move towards job cuts and offshoring to improve profit margins in lieu of taking risks to create new revenue streams (which would create more jobs)

if what i'm reading is true i'll probably support whoever is more likely to enact policies that allow startups to flourish - this would probably tie into greater funding for research at colleges

http://www.forbes.com/sites/stevedenning/2014/10/29/the-surprising-truth-about-where-new-jobs-come-from/#2a522a9a47d9

Quote

Where do new jobs come from?

Amid the political maneuvering, there is, happily, some serious work being done by the Kauffman Foundation and the Institute for Competitiveness & Prosperity to figure out where new jobs actually do come from. The surprising truth is that over the last twenty five years, almost all of the private sector jobs have been created by businesses less than five years old.

“In fact, between 1988 and 2011,” write Jason Wiens and Chris Jackson of the Kauffman Foundation, “companies more than five years old destroyed more jobs than they created in all but eight of those years.”

Existing firms are net job destroyers

“Both on average and for all but seven years between 1977 and 2005, existing firms are net job destroyers,” write Wiens and Jackson, “losing 1 million jobs net combined per year. By contrast, in their first year, new firms add an average of 3 million jobs.”

“New businesses account for nearly all net new job creation and almost 20 percent of gross job creation, whereas small businesses do not have a significant impact on job growth when age is accounted for.”

“Policymakers often think of small business as the employment engine of the economy. But when it comes to job-creating power, it is not the size of the business that matters as much as it is the age. New and young companies are the primary source of job creation in the American economy. Not only that, but these firms also contribute to economic dynamism by injecting competition into markets and spurring innovation.”

“Many young firms exhibit an ‘up or out’ dynamic,” write Wiens and Jackson, “in which innovative and successful firms grow rapidly and become a wellspring of job and economic growth, or quickly fail and exit the market, allowing capital to be put to more productive uses.”

“Our public policy emphasis,” writes Roger Martin, Academic Director of the Martin Prosperity Institute at the Rotman School of Management, “should be on enabling entrepreneurial firms to drive innovation and prosperity.”
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Aug 18 2016 02:46pm
Demand from a population capable and willing to pay for a service/product that can't be fulfilled by current production.
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Aug 18 2016 02:48pm
Quote (Thor123422 @ Aug 18 2016 03:46pm)
Demand from a population capable and willing to pay for a service/product that can't be fulfilled by current production.


what policies would support this? more cash in the hands of poor people as they're more likely to spend it was the answer i've heard before
that is, tax cuts at the bottom, not at the top
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Aug 18 2016 03:02pm
The answer is complicated, and it depends on whether you're looking short or long term too. I'll write up a longer answer later
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Aug 18 2016 03:06pm
The government.
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Aug 18 2016 03:09pm
Quote (Thor123422 @ Aug 18 2016 04:46pm)
Demand from a population capable and willing to pay for a service/product that can't be fulfilled by current production.


This thread could have ended right here but it will be 50 pages long.
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Aug 18 2016 03:21pm


Visionaries that call upon external forces for guidance that can also plan ahead.





"he took complex things and made it so ordinary people could figure it out"
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Aug 18 2016 03:27pm
lower the minimum wage and fuck up the environment - basically do what china did.
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Aug 18 2016 03:49pm
Quote (NatureNames @ Aug 18 2016 10:27pm)
lower the minimum wage and fuck up the environment - basically do what china did.


I too sometimes think about the good ol' days when China had a really high minimum wage
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Aug 18 2016 03:53pm
Quote (MaliceMizer @ 18 Aug 2016 22:21)
Visionaries that call upon external forces for guidance that can also plan ahead.
http://www.youtube.com/watch?v=KWsJh_nLGQ0
"he took complex things and made it so ordinary people could figure it out"




that guy really saved the planet with his shitphones, such a visionary (and a revolution at each new iphone model released)
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