Big firms don't add to job growth - Deepstash

Big firms don't add to job growth

Companies less than five years old used to make up half of all companies. Now it is less than a third. Since 2008, most US workers are employed at companies with 500+ employees.

However, big companies don't create jobs. They don't move the economy forward.  The bigger companies get, the more they try to automate as much as they can and then reduce the number of employees, not increase it.

Big banks and consulting firms give advice around cutting costs, firing people and outsourcing work that can be done cheaper elsewhere.

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tifmiller

Quantity surveyor

This book explains that the existing education system stunts the economy. Instead of talented students blazing new paths and building new ventures, they are led to follow existing paths that are well paved and require little ingenuity.

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