With unemployment at record lows and tax cuts providing an impetus for growth, there’s a war for talent. Those losing the war will be left with the mediocre, which will make it difficult to achieve ambitious goals.
The sole purpose of business is to increase profits for its owners.
So said economist and Nobel laureate Milton Friedman in a 1970 essay that remains among the most controversial business theories.
Connecticut has not created one new job in over a decade. The state is losing high school graduates as well as high value-added jobs. Home prices have still not recovered from the Great Recession.
Companies in the already crowded small-business commercial insurance industry have something else to worry about — the big dogs increasingly moving onto their turf.