Excluding the potential political ramifications of this opinion, Ahmed’s story begs some very important questions. For starters, if private equity can’t create new jobs, what will the future of Wall Street be like? Where will the primary source of job growth – inside and outside of the financial sector – come from?
If private equity funds can create jobs but inadvertently kill off as many as they make, what good are they except for those who can use the funds to make money? And is anything ever really that black and white?
Probably not. The reality is that most jobs are lost because of a number of factors, such as the overall economy, spending trends, usage/consumption trends, and other elements that make it hard to blame job loss on any one particular force. But without private equity funds, would as many companies rise to glory? Maybe. But it would be a lot more difficult.
This is why aspiring entrepreneurs should not expect one source of funds to grow its business. This is also why job seekers should not expect one generic social network to get them the position they desire most. Instead, they should go to the only place that has growing community of financial professionals: