Want a job? Worried that your kids will have to leave PEI to get work? Worried that your kids wont come back to PEI because there is no work for them? Losing your job soon? You are the Premier and want to increase PEI's population to 150,000 and offer more work to do this?
The reality is this. Start Ups are THE engine for jobs and immigration. Here is the data:
The study reveals that, both on average and for all but seven years between 1977 and 2005, existing firms are net job destroyers, losing 1 million jobs net combined per year. By contrast, in their first year, new firms add an average of 3 million jobs.
“These findings imply that America should be thinking differently about the standard employment policy paradigm,” said Robert E. Litan, vice president of Research and Policy at the Kauffman Foundation. “Policymakers tend to focus on changes in the national or state unemployment rate, or on layoffs by existing companies. But the data from this report suggest that growth would be best boosted by supporting startup firms.”
Because startups that develop organically are almost solely the drivers of job growth, job-creation policies aimed at luring larger, established employers will inevitably fail, said the study’s author, Tim Kane, Kauffman Foundation senior fellow in Research and Policy. Such city and state policies are doomed not only because they are zero-sum, but because they are based in unrealistic employment growth models.
An outcome that I look forward to by the end of this week is that we shift our focus to supporting Start Ups and understand what this means.
Here is the calendar of events next week in support of StartUp Canada's Visit
Here is the link that will take you to each event.
If you are a micro entrepreneur - I invite you to join an event just for you at the Queen Street Commons on Tuesday May 8 at 6pm - details are here
