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Who really creates jobs?
Wealthy people are job creators because they have large amounts of wealth on hand that they are able to [[investment|invest]] in business endeavors. Corporations and smaller businesses create jobs by hiring new employees, but they only do this when they are [[profit]]able and when their business outlook is favorable.
Wealthy people are job creators because they have large amounts of wealth on hand that they are able to [[investment|invest]] in business endeavors. Corporations and smaller businesses create jobs by hiring new employees, but they only do this when they are [[profit]]able and when their business outlook is favorable.
==Who Really Creates Jobs?==
Economists have observed that it is not the size of a company, but rather the age of a company that is correlated to job creation. A majority of jobs are created by young start-up companies.<ref>Badger, Emily. "Do the Rich Really Make All the Jobs?" September 22, 2011. Miller-McCune. http://www.miller-mccune.com/business-economics/do-the-rich-really-make-all-the-jobs-36382/</ref> However, failed start-ups do result in significant job destruction. It takes capital to start businesses, which means that the people at the heart of job creation are likely to be wealthy, but that does not necessarily mean that all wealthy people are job creators.
==References==
{{reflist}}
[[Category:Economics]]
[[Category:Economics]]