Carla Walker-Miller and Markeith Weldon are both graduates of the Goldman Sachs 10,000 Small Businesses program, and they join Morning Joe to discuss.
Corporate boards lavish them with massive pay packages and politicians venerate them as "job creators." But it turns out that America's business chieftains would rather not create full-time jobs to do what needs doing if they can possibly avoid it, according to the latest annual survey from the Harvard Business School (HBS).
The growing U.S. wealth gap is "unsustainable" and the disparity between the rich, middle, and lower classes is likely only to increase in the near future, a new Harvard Business School study finds. Business leaders also do not expect worker compensation to increase over the next few years, according to the study.
A Harvard Business School survey of nearly 2,000 alumni has concluded that the divide between America's wealthy and lower-income classes is "unsustainable" and likely to feed into a negative cycle of weaker performance and stagnant wages among U.S. employers.
The San Onofre nuclear plant on the California coast is a dark, useless hulk today because Southern California Edison, a private utility, utterly screwed up a $700-million refurbishment project. Home Depot exposed 60 million customer credit and data cards to hackers all by itself, without any government help whatsoever. (In fact, some well-aimed government regulation might have forced Home Depot and other retailers to move to hacker-resistant smart cards long ago.)
Despite an improving economy and record corporate profits, business leaders are skeptical about their ability to compete abroad and downright pessimistic about the prospect of increasing pay or improving living conditions for American workers, according to a new report from Harvard Business School.
Co-authored by high-profile Harvard professor Michael Porter, the report also identified a "troubling divergence" in the economy, in which most businesses are thriving, as are highly skilled workers, yet middle-class and working-class employees are struggling.
The growing income inequality in the United States between the richest Americans and the middle and lower classes is "unsustainable" and may worsen, according to a new study by Harvard University.
A new survey from Harvard Business School paints a worrying picture for the health of small business in America.
While the American economy is adding jobs at a faster pace than at any point since the end of the financial crisis and is growing faster than many of its developed peers, it's still not close to full strength.
Top business leaders foresee U.S. competitiveness eroding but they're less pessimistic than they were and are far more bullish about the nation's corporations than its workers, according to a Harvard Business School survey.
Harvard Business School alumni have turned less pessimistic about U.S. competitiveness and more confident in the country's ability to keep up with or pull ahead of other advanced and emerging market economies, according to a survey released today.
Michael Porter, Harvard Business School professor, reveals the results of a recent study on U.S. competitiveness. What's not going well is America as a place to invest and create jobs, says Porter.
The widening gap between America's wealthiest and its middle and lower classes is 'unsustainable', but is unlikely to improve any time soon, according to a Harvard Business School study released on Monday.
The widening gap between America's wealthiest and its middle and lower classes is "unsustainable", but is unlikely to improve any time soon, according to a Harvard Business School study released on Monday.
The study, titled "An Economy Doing Half its Job", said American companies - particularly big ones - were showing some signs of recovering their competitive edge on the world stage since the financial crisis, but that workers would likely keep struggling to demand better pay and benefits.
A survey of Harvard Business School alumni released Monday reveals a series of trends that are widening income disparities and may be weakening the ability of the U.S. economy to grow in the long term.
Can the U.S. compete internationally? Its companies can. Its workers cannot.
That is the key finding from a new survey of Harvard Business School alumni that delves into their views of the U.S. business environment to see where the nation thrives and where it falters.
A new survey of Harvard Business School alumni reveals that business executives believe the United States' companies are thriving and will continue to do so while the American public suffers, the Wall Street Journal reported Monday.
Harvard study: 41% foresee lower wages & benefits for U.S. workers.
Need more evidence that the U.S. economy is moving on two tracks? A new Harvard Business School study, released Monday, may confirm your fears.
The report, "An Economy Doing Half Its Job," involved a survey of 1,947 alumni. The Harvard-educated business leaders expressed concerns about U.S. competitiveness in the global marketplace. But they were far more optimistic about the future for U.S. corporations than for that of workers, the survey showed.
On the heels of last week's lackluster jobs report comes a new survey of how Harvard Business School alumni assess the current U.S. business environment.
"The survey of 1,947 business-school grads found that 31% believe companies will be better able to compete globally in the next three years, compared with 26% seeing a worse environment," reports the Wall Street Journal. But is even that level of optimism warranted?
In its latest report on U.S. competitiveness, based on an alumni survey, HBS researchers observe: "Labor force participation in America peaked in 1997 and has now fallen to levels not seen in three decades. Real hourly wages have stalled even among college-educated Americans; only those with advanced degrees have seen gains."
The widening gap between America's richest and the middle and working classes is unsustainable and is unlikely to improve a survey released on Monday by the Harvard Business School has found.
A survey of Harvard business grads shows that they "see, on one hand, an uncompetitive K-12 education system, a poor tax code and a broken political system. On the other hand, they see high-quality capital markets, sophisticated management systems, pathbreaking universities and a vibrant environment for entrepreneurs."
Large U.S. businesses are posting strong profits and keeping up with the global competition, but American workers might see wages fall and full-time jobs become more scarce.
Says who? Says a new survey of 2,000 alumni of the Harvard Business School scattered across 73 countries. Title: "An Economy Doing Half its Job."
Massachusetts has created a model based on public-private partnerships, a promising blueprint other states should follow.
This working paper by Karen Mills examines the small business credit environment during the recession and in the recovery-focused years since, as well as the impact persistent lending gaps may be having on job creation as a whole. Last, Mills takes a look at the dynamic and fast growing online lending market that has ignited since the recession and how the technology and innovation those entities are driving may change how small businesses and entrepreneurs finance their growth in the future.
The latest political "cliff" crisis is centered on funding for infrastructure maintenance and upgrades, specifically the Federal Highway Trust Fund. A quarter of American bridges are deemed structurally deficient, rail accidents exacerbate road congestion, mobile networks have variable coverage, and airlines are desperate for next generation air traffic control to reduce delays and fuel burn. America's elected officials must not only put politics aside and work together to invest in infrastructure, they should also modernize their frame of reference for infrastructure, with a focus on mobility.
Karen Mills, senior fellow at Harvard Business School, and Matthew Ferguson, Chief Executive Officer at CareerBuilder, talk with Erik Schatzker about the U.S. job market, the roles played by government and the business community in creating jobs, and the challenges for small business to find skilled labor to fill positions needed to grow their companies. They speak on Bloomberg Television's "Market Makers."
Despite the strong monthly U.S. jobs report released last week, it's likely too soon to cheer the positive numbers. In recent years, the number of jobs created has been anything but choppy; for instance, in October 2012 and again in February and November 2013, the U.S. economy generated more than 200,000—enough to keep up with population growth. In December and earlier this year in January, however, that momentum lapsed when job creation dropped to less than 150,000.
It's no wonder Americans remain anxious. In many parts of the country people don't believe they will be better off in five years than they are today. This anxiety shakes the very foundation of the American Dream.
— Karen Mills, Senior Fellow, Harvard Business School
As Administrator of the Small Business Administration (SBA), Karen Mills spent four years as part of President Barack Obama's senior economic team and a member of his Cabinet, specifically focused on the health and growth of America's small businesses and entrepreneurs. Now Mills has brought her experience as a policy maker—as well as 25 years of experience as an investor and small business owner—to the U.S. Competitiveness Project at Harvard Business School.
The Obama administration has put in place programs that attract more production, more investment, and more jobs back to our shores, according to Karen Mills, head of the Small Business Administration.
The United States has been using fiscal and monetary solutions as a base for its economic growth policy. But these macroeconomic strategies by itself are not leading to long-term growth. If we want to create more jobs, increase per capita income and reduce poverty, we need a shift in focus towards regions as the drivers of the national economy.
Regulation, innovation, infrastructure, education: each of these is crucial to competitiveness. Put together the small things happening in the states, and they become something rather big. That is the essence of the America that works.
US capital market competitiveness remained weak in 2012 with many competitiveness measures suffering declines from the previous year, according to the Committee on Capital Markets.
To boost U.S. competitiveness, one area recommended by The Harvard Business School U.S. Competitiveness Project is for companies to support innovation and entrepreneurship. Macy's is one example, by having an incubator to support startups relevant to its supply chain, writes Chitra Nawbatt.
Former White House economic advisor Larry Summers warned Thursday that a failure to address the fiscal cliff would make things worse as the U.S. economy now is at "critical juncture", but tackling the fiscal challenge needs long-term vision on growth.
IBM is joining hands with the Lawrence Livermore National Laboratory to develop technology, products and processes critical to the U.S. infrastructure in an effort to boost the global competitiveness of the country.
Where will the next generation of great entrepreneurs come from? David Teten, a Partner with ff Venture Capital, showcases the Venture Capital Access Program, a pilot venture providing women and minority entrepreneurs with access to venture capital.
When a business school solicits alumni, it's usually to ask for donations. Last night, though, the school hit them up for something they may find harder to give: a commitment to use whatever influence they have to get their companies to invest in the local workforce, raise U.S. median wages, and support local suppliers.
Now's the time to push pro-entrepreneurship legislation over the goal line, so we can ensure the United States remains the world's most entrepreneurial nation.
Professors Josh Lerner and William A. Sahlman explore the role of entrepreneurial ventures in addressing pressing problems like energy, the environment, healthcare, and education, while also driving productivity and domestic job growth in the U.S..
Innovation, the classic basis for U.S. success in world markets, rests on foundational institutions, such as research centers, incubators for entrepreneurs, and skills training vehicles, that provide fertile soil in which to seed, grow, and renew enterprises, writes Professor Rosabeth Moss Kanter.