The Truth About Job Creators

Are you a job creator? Have you ever been a job creator? Romney, McConnell, Boehner, and Cantor, among many others seems to think that the very wealthy are job creators but could not be further from the truth. The fact is that business owners and high level corporate managers are anything BUT job creators. Their focus is not on the creation of jobs but the creation of wealth and profit. In maintaining this focus, they all look at how they can get higher productivity with fewer people. In other words, the lower the cost of personnel per unit of sales, the higher the profit or the greater the wealth. The need for this focus is just the opposite of job creation. Every business owner and every manager would like nothing more than to be able to maintain the same productivity and the same revenue stream with fewer people. People, read jobs, are expenses that reduce profits and while a certain number of people, again read jobs, are necessary in order to be competitive, the focus of business and industry is to continually try to produce more with fewer people. Ever hear of “lean”? The “hot button” issue throughout the industrial world is “lean manufacturing” which is the focus of greater productivity with fewer steps and fewer people. The top one percent are not the job creators, but they have done an excellent job in creating this myth. The only people in the top one percent that benefit from actually adding people to their payroll are politicians. Their compensation is not dependent upon profit and is not reduced as a result of higher expenses. Most of them are part of the top 10% and this is a group that can and does create jobs by either adding to their own staff or enacting legislation that results in more people finding work. As the myth goes, one is never hired by a poor person just as one is never fired by a poor person but it is the rich person who will benefit more from firing than from hiring.