I remember around the year 2000, there was a newspaper clipping about a guy that had received an award. It might have been a nobel prize, but I cannot remember

I remember around the year 2000, there was a newspaper clipping about a guy that had received an award. It might have been a nobel prize, but I cannot remember now. He essentially proved that mergers and acquisitions destroyed jobs. Yes this seems intuitive, but he backed it up with proof. Large companies are ingrained in their industry, and when you see them in the news, it is usually related to mergers and acquisitions. So if larger companies do not create jobs, who creates them then? I would say it is successful startups. Are they net job generators, I do not have any data to prove or disprove that. But I can say that new innovation provides more opportunities for job creation.