Bill Frezza, a venture capitalist and a fellow at the Competitive Enterprise Institute says the idea that creating jobs leads to growth and prosperity is a fallacy. He tells Lynn Neary that the jobs myth is at the heart of the nation’s unemployment problems.
Source: Venture Capitalist Warns Of Job Creation Myths : NPR
You know, each business is run for the benefit of its owners, its shareholders, its customers, and its employees. It’s not run for the benefit of the country. That’s not why people run businesses.
— Bill Frezza, a venture capitalist and a fellow at the Competitive Enterprise Institute