Sanusi, government and job creation — The Punch - Nigeria's Most Widely Read Newspaper
"...Another thing often said is that the main role of the private sector is to create jobs.
No entrepreneur starts a business with the sole aim of generating employment. Every business is set up to provide goods and services, and making profits thereof for the owners and investors. They just need workers to help achieve that. If they could make profit without workers they would go ahead. They would not mind using machines to do human jobs. If a manager or chief executive could make the same level of profit with fewer workers but instead chose to hire more workers, he would probably be shown the way out.."
Very true. Even more impressive is that it is coming from a Doctor. This is one of the most often forgotten aspect of capitalism. Our economy can continue growing without creating jobs but creating profits for the owners. We need a 'Jobs Strategy' apart from a "Growth strategy'
Salida
Re: Economicwatch
hispy99
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