One Sentence

By: Tom Morgan

One sentence

If educators allowed me to add one sentence to school textbooks I would add one about jobs. Whenever the text got to the subject of businesses, I would add that sentence.

I would add it because a lot of smart and educated people ought to have learned what that sentence reveals. Apparently they did not. Not if we go by what so many columnists and commentators and bobbing heads on TV tell us.

Lately they tell us big companies are making lots of profit. And that because they make lots of profit they should be creating jobs. No less than columnist Bob Herbert argued this in the New York Times recently. Another guy, in The Boston Globe wondered why the profits that slosh around big company coffers are not prompting those companies to start hiring again.

Someone should put him out of his pain with an injection of reality. That is that big companies do not create a lot of new jobs. Small companies do.

And they both need to paste this simple sentence atop their computer screens: Businesses do not exist to create jobs.

Now you and these guys may believe they do. But they do not. It is not the purpose of any business to create jobs.

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Suppose you pore over mission statements from thousands of companies. And you paw through minutes from board meetings. And you study corporate memos and reports line by line. And you read the speeches of armies of corporate leaders.

You will not find that any of them suggest it is the purpose of businesses to create jobs. It is not a goal of any business. It is not a plan of any business.

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