Five myths about how to create jobs. With the unemployment rate in the United States lingering just below 10 percent and the midterm elections just nine months away, job creation has become the top priority in Washington.
President Obama has called for transferring $30 billion in repaid bank bailout money to a small-business lending fund, saying, "Jobs will be our number one focus in 2010, and we're going to start where most new jobs do, with small business. " The fund is among several measures -- tax incentives, infrastructure projects, efforts to increase exports -- that the White House has proposed to help boost employment.
As Americans consider the various approaches, we must have realistic expectations. How To Create a Job. Andy Grove: How America Can Create Jobs. Recently an acquaintance at the next table in a Palo Alto (Calif.) restaurant introduced me to his companions, three young venture capitalists from China.
They explained, with visible excitement, that they were touring promising companies in Silicon Valley. I've lived in the Valley a long time, and usually when I see how the region has become such a draw for global investments, I feel a little proud. Not this time.