Big Bird vs. Jobs (the high-paying kind)
Last Updated on Wednesday, 10 October 2012 09:08
Written by dbhalling
Tuesday, 9 October 2012 03:49
The CPB (Corporation for Public Broadcasting) receives $445M a year in federal taxpayer money. While this represents only 12% of CPB, it is still real money that arguably could make a HUGE difference in job creation. Try this on for size- while Jim Henson Productions and the puppeteer/actor portraying Elmo are worth multi-millions (I guess I am a little confused how Sesame Street the show has a net yearly loss), The Patent and Trademark Office has lost $1B over the last decade in user fees diverted to other Congressional pet projects, including CPB. The Patent and Trademark Office is the only self-funded agency within the Federal Government. The diverting of these fees-some could say for Big Bird- is costing America jobs. According to the Kauffman Foundation, ALL net new jobs in the US since 1977 have been created by startups, and most of these are high tech startups who rely on patents. While patent applications languish at the PTO for 4-10 years awaiting approval (due to the diversion of inventor-paid fees) companies can’t get funded. If they can’t get funded, it takes much longer to increase hiring. The SBA reports most transformative technologies are created by startups and individual inventors (not large, entrenched corporations). So what do you think is more important – quality, high paying, skilled jobs or Big Bird?
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