No-one doubts that small companies are great generators of new employment but new research has also highlighted the effects of ‘job polarisation’ where the growth is found in either ‘lovely or lousy’ jobs at the expense of ‘middle income’ roles.
In this review of ICF’s latest report by co-founder Robert Bell we ask why large companies find innovation so difficult and we suggest that major firms have a wider responsibility for investment that could balance the apparent reluctance of banks to lend to small businesses.
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The at times wanton destruction of jobs by large companies is something that has disturbed me for decades, and for the life of me I cannot understand why policymakers do not get it, change their approach, and refuse to listen to the lobbyists. Is it the hope of a seat on Mahogany Row?
BT’s playing the jobs game in its announcements of wins of BDUK contracts is a case a point. Please circulate the letting go piece to all councils that still have contracts to disburse. If it runs true to form, BT will sack everyone it doesn’t need anyway, so councillors don’t need to hold themselves to ransom. And Martlesham Heath has pretty much become a demo centre for Global Services rather than a hot bed of creativity and innovation. For that go to Southampton University.