(Community Matters) from Playbook
THE BIG IDEA – “Rethinking the Boosterism About Small Business: Politicians may love to extol the virtues of small business, but big companies are still the key to growth,” by Charles Kenny, a fellow at the Center for Global Development and the New America Foundation: “If you’re looking for a lot of good-paying, stable jobs, you’d better hope there are some big companies around that want to hire. … Kansas City Federal Reserve economist Kelly D. Edmiston … found that … [h]ourly wages at the largest companies, those with more than 2,500 employees, average around $27, compared with $16 in companies with payrolls of fewer than 100. … Although politically unpopular, attracting more large companies from China and India to set up shop in the U.S. could be a better use of resources than providing yet more tax breaks and loan guarantees for small business. … Given how many ‘small employers’ are doctors, lawyers, money managers, and other ready sources of campaign finance, there is a good probability they will continue to be pampered by politicians.” http://buswk.co/oQMMJ4
Community Matters 