Friday, April 9, 2010

If you want to create jobs incent people to create businesses

Paul has a great post out today that talks about how job growth is inevitable for new small business.  Interestingly he uses the Drunkard's walk (or should it be stumble) to illustrate that it is simply inevitable for young companies to provide job growth.

"Young companies are the single-celled paramecia of the economic world: at t=0 they stand at the bar wall facing the gutter. They can’t lose jobs because they haven’t created any yet. All they can do initially, other than fail, is stagger away from the zero employment wall."

It changes the way you think about how to add job growth into the mix.

-Kris

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