In the late 70s, an MIT researcher shook the whole world of economists by showing that large firms, those that make the media buzz, those who made the Fortune Magazine cover page, does not create jobs but lose them and that employment is created primarily by small companies and even the very small.
When David Birch invented the new discipline of business demography, he was not arguing that large companies do not create jobs but as a category, they destroy more jobs than they create. (...)
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Birch cloud
Articles
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Business creation and employment
17 May 2011, by Bernard Zimmern -
David Birch and firm demography
26 May 2011, by Bernard ZimmernFirm Demography (DEME) acquired fame in the late ’70s with the work of David Birch who made headlines by showing that jobs were not created by large companies listed in Fortune magazine as one believed at the time, but rather by a myriad of small and micro enterprises. He relied on Dunn and Bradstreet database identifying million U.S. businesses. Thanks to computers and his training as a nuclear physicist, he brought numbers into a world hitherto remained very qualitative.
Birch was a (...) -
French companies dwarfism (1)
13 March 2012, by Romain SautardThe French trade deficit has been attributed to the lack of medium size companies but in fact France is lacking firms in all sizes above 10 employees.