I dig really deep into this in my new book, HOW THE POOR CAN SAVE CAPITALISM(June, 2014 release), but let me say it here quick, clean and crisp. On job creation, we're looking for love in mostly all the wrong places.
We talk about big business creating jobs, but this is not the 1970's, when 70% of all employment came from big business.
We talk about innovation, but to quote my friend Jim Clifton, chairman and CEO of Gallup, "an innovation without a customer standing next to it is not a business."
We tell our kids to go to school K-12 and graduate (check), and then go to college and graduate (check). And then we tell all of our kids to go off and get a good job working for either big business or the government.
Now, putting aside the six-figure-plus student loan balances that are slowly strangling a generation of achievers, 1,000 or so companies that employ 10,000 people or more in America cannot save America alone.