Everyone from Rush Limbaugh to some of my friends like to point out that it is not the role of businesses to provide jobs. In normal times, I would agree.
These are not normal times.
Look, during past wars, businesses refitted their production lines to serve the military. They stopped making goods for civilians in order to supply our soldiers with ammo and other items needed to successfully defend our country. Their missions changed from making profits via the private sector to helping to uphold our way of life. From housewives to Hollywood, everyone was behind the war efforts because losing was not an outcome that served any American's interest.
What I am about to say is the most important point I have made in over 300 posts. The economic crisis we're in might not feel entirely like a national emergency but it is. We should not wait until the enemy is deeply entrenched in every neighborhood across this land before fighting back with everything we have.
Businesses, particularly profitable ones, have a new responsibility and it includes creating jobs just as it involved making tanks instead of cars in World War II. It is no longer acceptable for anyone to say it's not the role of any entity to create jobs. It also isn't constructive to continue to lie about why so many workers were laid off in the first place. Too many corporations over reacted to the recession and exploited millions of their most vulnerable workers, making the recession far worse than it needed to be. That is a fact. It is time for corporations that went too far to make up for their part in bringing down the entire economy, not to mention the personal lives of many good people.
It's the responsibility of government, small and big businesses to work together to restore the American economy. Schools, vocational training centers and banks willing to make loans can also play a positive role. Everything and everyone should take responsibility in some manner, including bloggers and the media.
A true recovery can't happen until unemployment is reduced. We need to throw out the old playbook and figure out a way to get people back to work. That can't be done by businesses pointing the finger at government and government pointing back. It can't be done with the level of partisan politics we're experiencing or the continuing decline in education.
America needs some out-of-the-box thinking that doesn't rely on stereotypes about the role of businesses in a capitalistic society. We would be speaking German if that sort of thinking existed in the past. To say that employers are too afraid to hire because of the uncertainty about the economy is probably true but it's also a trap. It's a vortex that no one can escape. A circular argument that pushes us closer and closer to the edge. Businesses were not exempt in contributing to past war efforts. Why are they now washing their hands of any responsibility during one of the most profound emergencies we have ever faced?
Risk is involved in the operation of any business during up and down times. Those without the stomach for risk probably shouldn't start a company. The excuse that hiring is too risky now is just that -- an excuse. While it might be a justifiable excuse, it is nonetheless an unproductive claim. Profitable companies can't lean on that crutch until the good times return. There will be no good times without companies showing some confidence in America. Government can help lessen those risks, but can't eliminate them. It's going to take brave corporate leaders to chart a new course -- a course that navigates us to safer waters. The profits will return and the stockholders will get paid, but for now, we need a fresh, less selfish approach to doing business.
The fact remains that the private sector provides most jobs in most democracies. With that privilege comes the occasional responsibility to chip in, to do right by society, to give back. Companies hold fund-raising drives for the United Way and other charities, now they need to do a little more for the benefit of the entire country.
We have a domestic war going on. The further collapse of the economy will mean the eventual collapse of a nation. History has proven time and time again that countries without viable economies will implode. Ask anyone on the front lines of this war about the seriousness of our economic woes. They will describe scenarios that might seem unimaginable to most people at this stage of the war.
While I empathize with anyone trying to keep their business afloat with all of the current obstacles in their way, I must say that the time has come for the bigger, more profitable employers to show some faith and start becoming part of the solution rather than part of the problem. Others will follow. I believe in momentum. Businesses that become leaders in this cause will motivate others and stimulate the economy in ways the government can't.
Being frozen with fear while sitting on profits is no longer an option. This is an emergency. A war. All hands are needed on deck. A sense of patriotism that trumps greed needs to emerge, just as it did in past wars. We have to get away from this stuffing-cash-in-the-mattress mentality. Continuing to debate roles and responsibilities just prolongs the conflict and jeopardizes the very thing that most companies and individual citizens treasure -- freedom.
Read what others say about why corporations got rid of so many workers during the recession (far too many in the estimation of some) and why companies are refusing to hire despite bulging profits: "A Sin and a Shame"
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