5 ms·

I don't think that that is the right way to look at it. Yes those people employed by startups would be able to find work elsewhere, but if they did would they t

I don't think that that is the right way to look at it. Yes those people employed by startups would be able to find work elsewhere, but if they did would they take a job that would otherwise go to someone else? Also the startups that succeed employ more people. If we have a shortage of jobs, more jobs sounds like a good thing.

w1ntermute 13y ago
> if they did would they take a job that would otherwise go to someone else? No, I don't think they would. For example, the demand for developers is sky high right now, and yet we have very high unemployment rates. Not everyone is cut out to be a developer - jobs in the knowledge economy aren't so simply interchangeable. > Also the startups that succeed employ more people. If we have a shortage of jobs, more jobs sounds like a good thing. Yes, it's great when there are more jobs. But we're talking about a completely different order of magnitude. At their zeniths, each of the Big Three automakers employed hundreds of thousands of employees. How many does Facebook (a startup that has most definitely suceeded) employ? Not even 6000. Snapchat, supposedly worth billions, has less than 30 employees. Instagram was acquired when it had only 13. We have to realize and accept the fact that these startups just aren't. going to provide the sort of broad-based employment that's going to put the American people back to work.