Business and job creation

Nick Hanauer on ‘job creation’:

“So when businesspeople like me take credit for creating jobs, it’s a little like squirrels taking credit for creating evolution. In fact, it’s the other way around. Anyone who’s ever run a business knows that hiring
more people is a capitalist’s course of last resort, something we do if and only if increasing customer demand requires it.

Further, that the goal of every business – profit – is largely a measure of our relative ability to not create jobs compared to our competitors. In this sense, calling ourselves job creators isn’t just inaccurate, it’s disingenuous.”

Related: Voting based on the economy is dumb

Author: Milan

In the spring of 2005, I graduated from the University of British Columbia with a degree in International Relations and a general focus in the area of environmental politics. Between 2005 and 2007 I completed an M.Phil in IR at Wadham College, Oxford. I worked for five years for the Canadian federal government, including completing the Accelerated Economist Training Program, and then completed a PhD in Political Science at the University of Toronto in 2023.

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