Let’s expose a few lies that Americans hold dear.
“Small businesses create most of the jobs.”
TRUTH: Small businesses are what? SMALL. By definition, small businesses have few employees.
“Small businesses fuel economic growth.”
TRUTH: Most small businesses FAIL within the first five years. Often within the first year. When they close their doors, they create unemployment.
Often, they leave only debt. Small businesses generate a lot of churn and froth, but few jobs. Whatever wealth they create is closely held.
“The wealthy are the productive ones. The poor contribute nothing to society.”
TRUTH: Most wealthy people inherited their wealth, or at least their education and advantages.
Many of the rich are idle. If they contribute at all, they contribute by consuming goods and services. The poor and middle class, on the other hand, do the hard labor, the dirty work, the mind-numbing office work and back-breaking factory work. The poor and middle class are the producers.
“Entrepreneurs are job creators.”
TRUTH: Sometimes. But often, entrepreneurs are lone rangers.
“Small business is good for workers.”
TRUTH: Depends. But most small businesses can’t or won’t provide health insurance. Many small businesses pay minimum wages.
“Corporations yearn to invest and create jobs, but government regulations thwart them at every turn.”
TRUTH: Business hates jobs. Corporations hate workers. Workers are the enemy. Employees are an expense! The goal of corporations is to increase profits by slashing jobs, by hiring and exploiting cheap immigrant labor instead of American citizens, or by scouring the Earth for the cheapest of the cheap labor.
I think there was a time in America when most business was local. Business owners didn’t expect to become wealthy; they lived only a little better than their employees, whom they knew personally. But that was a different time.
If you’re an employee, please ask yourself: When was the last time you received a bonus? When was the last time you were rewarded?
Pause . . .
Well. I’ve exposed myself to easy criticism here. Notice that my statements are qualified. Nothing I’m saying is absolute. I’m stating subjective opinions, not proven facts.
I’m not opposed to business in general or small business in particular. Commerce is good and necessary. But we need to be honest. Corporations are not motivated by altruism. Small business owners are not known for generosity. Most small business owners pay as little as they can get away with.
Remember, corporations and small business alike are opposed to redistribution of wealth. The goal is to make as much as possible, keep as much as possible, and stash the excess in the Cayman Islands or Switzerland. The last thing most businesses want is to share the wealth with workers.
The case of the NFL owners vs. the union referees is instructive. The owners are wealthy beyond belief; the referees are few in number and powerless. The union’s objectives are the usual — a little more money, a degree of job security, a pension would be nice. The amount of money at stake is important to the individual referees and of little consequence to the NFL owners. The owners refuse to give an inch. You explain it.
Please, what are your observations about business and workers and wealth?
— John Hayden
- Survey: Small businesses scared to expand because of government, uncertainty (bizjournals.com)
- Propping Up The Little Guy (forbes.com)
- How Do You Maximise The Wealth Of Your Business? (beavisconsultinggroup.com)