{"id":611579,"date":"2009-12-16T15:46:52","date_gmt":"2009-12-16T20:46:52","guid":{"rendered":"http:\/\/www.businessinsider.com\/david-goldman-were-getting-creative-destruction-without-the-creation-part-2009-12"},"modified":"2009-12-16T15:46:52","modified_gmt":"2009-12-16T20:46:52","slug":"david-goldman-were-getting-creative-destruction-without-the-creation-part","status":"publish","type":"post","link":"https:\/\/mereja.com\/index\/611579","title":{"rendered":"David Goldman: We&#8217;re Getting Creative Destruction Without The Creation Part"},"content":{"rendered":"<p><a href=\"http:\/\/blog.atimes.net\/?p=1274\">David Goldman<\/a>, as usual, has some good insights about why the job creation picture is so ugly:<\/p>\n<p style=\"padding-left: 30px;\">My disagreement with Deutsche Bank chief economist Joe Lavorgna over future job creation&ndash;which we debated last week on Larry Kudlow&rsquo;s CNBC show&ndash;lies in the crucial role of small business in job creation. The process of job destruction (from big companies) and job creation (from small companies) are two sides of entrepreneurial &ldquo;creative destruction.&rdquo; The problem today is that we have the destruction without the creation.<\/p>\n<p style=\"padding-left: 30px;\">Companies with less than 50 employees predominated in job creation during the great economic expansion that ended in 2007.<\/p>\n<p style=\"padding-left: 30px;\">In the chart below drawn from a <a href=\"http:\/\/www.ces.census.gov\/docs\/bds\/bds_paper_CAED_may2008_dec2.pdf\" >recent study<\/a> by the Census Bureau and the University of Maryland, the really tall bars (reflecting net creation of new jobs) come from new and small companies.<\/p>\n<p style=\"padding-left: 30px;\"><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/~~\/f?id=4b294696000000000040f0e6\" border=\"0\" alt=\"jobcreation\" \/><\/p>\n<h2 style=\"padding-left: 30px;\"><strong><br \/><\/strong><\/h2>\n<h2 style=\"padding-left: 30px;\"><strong><a href=\"http:\/\/blog.atimes.net\/?p=1274\">Read the whole story &gt;&gt;<\/a><\/strong><\/h2>\n<p><a href=\"http:\/\/www.businessinsider.com\/david-goldman-were-getting-creative-destruction-without-the-creation-part-2009-12#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/david-goldman-10-reasons-to-doubt-the-governments-rosy-employment-data-2009-12\">David Goldman: 10 Reasons To Doubt The Government&#8217;s Rosy Employment Data<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/david-goldman-roubinis-carry-trade-theory-is-total-nonsense-2009-11\">David Goldman: Roubini&#8217;s Carry-Trade Theory Is Total Nonsense<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/david-rosenberg-goldman-conspiracy-theorist-2009-10\">David Rosenberg: Goldman Conspiracy Theorist<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/BbDAPwHOrcE\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>David Goldman, as usual, has some good insights about why the job creation picture is so ugly: My disagreement with Deutsche Bank chief economist Joe Lavorgna over future job creation&ndash;which we debated last week on Larry Kudlow&rsquo;s CNBC show&ndash;lies in the crucial role of small business in job creation. The process of job destruction (from [&hellip;]<\/p>\n","protected":false},"author":288,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4821],"tags":[],"class_list":["post-611579","post","type-post","status-publish","format-standard","hentry","category-news"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9NivD-2z6b","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/611579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/users\/288"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/comments?post=611579"}],"version-history":[{"count":0,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/611579\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media?parent=611579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/categories?post=611579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/tags?post=611579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}