n America between the years of 1980 and 2005, virtually all net new jobs were created by firms that were five years old or less, according to New York Times communist Thomas Friedman. Friedman proposes that for a nation to thrive, it needs more start-ups not bailouts. “If we want to bring down unemployment in a sustainable way, neither rescuing General Motors nor funding more road construction will do it. We need to create a big bushel of new companies – fast . . .
But you cannot say this often enough: Good-paying jobs don’t come from bailouts. They come from start-ups. And where do start-ups come from? The come from smart, creative, inspired risk takers.” (“More (Steve) Jobs, Jobs, Jobs, Jobs,” New York Times, January 24, 2010)
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