Monday, November 17, 2008

New Growth and Creation of New Jobs

I was thinking about the creation of new jobs in regulatory and investigation and policy-making/legal fields regarding corporations.

Many people would benefit from these kinds of jobs. But then, I thought, hearing about GM, what about blue collar workers who would be affected by the loss of jobs? I am not sure but I think the competitors who managed their finances better, should try to open up a few more positions.

If certain companies are falling or going out of business, other companies will pick up the slack and take their business as well, which will create the need for more jobs and therefore more employees. People will just need to look at switching companies. If the other companies have the security knowing they are going to get what was formerly the lion's share of business, they will have more confidence opening up more jobs to meet the demand for their own growing enterprises. The experience of the workers from one company can be used to grow another company, and the lessons learned should hopefully deter people from making the same mistakes (we should hope, at least for awhile--note my cynicism).

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