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I absolutely agree. And it's all well and good talking about startups creating jobs, but really, what YC startups have created any meaningful number of jobs Wh
by thwarted 15y ago
I absolutely agree. And it's all well and good talking about startups creating jobs, but really, what YC startups have created any meaningful number of jobs
What's a meaningful number of jobs? Creating jobs is only worth doing if it creates 10 jobs? 100 jobs? 1000 jobs? 10,000 jobs? None of these jobs can be "created" overnight, it requires years of building a company to get to the point where you can employ 10,000 people, much less employ an additional 10,000 people.
The US civilian labor force is 154.2 million[1]. At 9% unemployment (13,878,000 of the total labor force), 10,000 jobs reduces the number of unemployed people by 7/100ths of a percent, so even that seems like it's not good enough.
The point being that every little bit helps, and we're going to have an easier time getting people employed in handfuls than trying to get massive companies (of which there are fewer, over all) employing an additional 10,000 or 100,000 people -- nevermind that an economy that has a large number of smaller employers is going to be stronger and more resilient than a small number of massive employers. A business that employs 4 people is better than that business not existing at all.
[1] http://www.wolframalpha.com/input/?i=employable+united+states http://www.wolframalpha.com/input/?i=employable+united+state...