OohPooPahDoo
Gold Member
Individual businesses do not necessarily create net jobs.
Bob owns an auto shop. He employs 5 people.
Jim opens up an auto shop down the street. He "creates" 5 jobs.
But the same number of people need their cars fixed. Jim's shop is better than Bob's. Bob eventually goes out of business because of this. Through Jim's competitive action - he has destroyed 5 jobs at Bob's auto shop.
5 jobs created - 5 jobs destroyed = 0 net new jobs
In fact - job loss at your competitors - it is a well known consequence of competition. While is a businessman's job to create and expand his own business - thus making jobs - its also his job to take as much business from his competitors as possible (though a better product or service is created through the competition)
Bob owns an auto shop. He employs 5 people.
Jim opens up an auto shop down the street. He "creates" 5 jobs.
But the same number of people need their cars fixed. Jim's shop is better than Bob's. Bob eventually goes out of business because of this. Through Jim's competitive action - he has destroyed 5 jobs at Bob's auto shop.
5 jobs created - 5 jobs destroyed = 0 net new jobs
In fact - job loss at your competitors - it is a well known consequence of competition. While is a businessman's job to create and expand his own business - thus making jobs - its also his job to take as much business from his competitors as possible (though a better product or service is created through the competition)
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