Sorry Socialists and Progressives … Businesses Create Jobs!

If you listen to at least one public figure, corporations and businesses don’t create jobs.  I’m sorry, socialists and progressives, but businesses do create jobs!  Please look at the empirical evidence, look at the economic data, look at the economic theory that supports a mountain of economic evidence.  No government in the history of the world has ever created economic wealth.

Economic wealth and economic growth and economic prosperity all start in the private sector when individuals with initiative and hard work and sweat equity and sometimes some outside capital from angels, friends and family, and investors build new businesses.  These new businesses in order to grow and to meet the needs of consumers and others, need lots of new workers.  In this process, new jobs are created, people get hired, and wealth is created.

To illustrate with just one example, consider President Ronald Reagan and his pro-Economic Freedom and pro-Economic Growth policies in the 1980’s.  There were 17 million new jobs during his presidency and 26 million new jobs during the 1990’s.  Plus, real median household income rose 11% during the Reagan years.  That’s a far cry better than our current economy is doing with the current progressive socialist policies.

According to an op-ed piece in The Wall Street Journal, a public figure was quoted recently as saying: “Don’t let anybody tell you that, you know, it’s corporations and businesses that create jobs.”  Let’s face it.  That type of thinking flies in the face of economic reality and only serves to distort clear economic thinking.

If you want to better understand economic theory and reality, please read my latest book Renewing America and Its Heritage of Freedom and read all about economic freedom and economic growth and economic prosperity and the real world.

Bookmark and Share
This entry was posted in America's Economic War, Big Government, Economic Freedom, Economic Growth, Economy, Job Creation, Jobs, Small Businesses, Socialism. Bookmark the permalink. Both comments and trackbacks are currently closed.