Friday, September 2, 2011

The Government does not Create Jobs for Private Business

This past week during CNBC’s Street Signs program a CEO of an American manufacturing company was being interviewed for a segment that examined hiring being done in that industry.  The question report asked the executive how a job is created.  He quickly responded by saying that it’s important to remember that the goal of a private business is to be successful (make money).  He continued that a bi-product of that success is the creation of jobs.  He suggested that what the government needs to do is to try and work with private business to help them achieve success, to improve processes in order to be better.  (see the segment: http://video.cnbc.com/gallery/?video=3000042483)
 
Since I began in my position nearly two years ago I have heard the politicians say that the government needs to get busy creating jobs, and this was the best response I have heard to that proclamation.  There are businesses that are successful right now, but they are holding off on growing that success (creating jobs) because they are not sure how the government will effect that movement.  The latest U.S. Jobs report showed that the net number of new jobs created was zero, but revenues of many companies are up.  What does that say?

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