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Former Best Buy CEO Brad Anderson on the state of the economy and how to boost job creation.
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Disappointing jobs numbers out today for the Labor Department.
The unemployment rate act cannot budge from nine point 1%.
Economists are split on whether we're entering another recession so what's -- future joining me now Brad Anderson former Best -- CEO.
Now a member of job creators alliance welcome to the show Brad great to have you here.
Tell us from your point video -- -- somebody with a lot of experience in the marketplace.
What's going wrong with jobs how do we fix it.
Well Americans have always created jobs I saw that my own -- amount career.
By going out trying to figure out how to serve customers and find new ways to serve customers and build their dreams and make their dreams happen.
-- -- business combination who's active faith and enthusiasm and a belief in yourself that has has led to the regeneration creation of our jobs in our country.
And with that inspire people to you know you can't find the right job go out and find somebody to serving creature on job.
Piped up a lot of us believe that the economy's too big to do that and I saw my own life that that's -- -- possible.
But it takes a lot of forbearance and a lot of faith and a lot of courage to go do it and we're we're kind of arguing let's get going -- try to get make that happen.
Now you're a big advocate of of putting the customer first and now making sure that yeah there needs are taking care out and you know I look at the marketplace today we have a -- of service jobs.
And not enough manufacturing.
-- you see that it's a problem was well.
I am not so worried about.
Manufacturing jobs I IA and the job I have is being CO best bank -- does this have a lot of manufacturing plants and actually Asia especially in consumer tries to you get to the latest manufacturing plants they often don't have a lot of people working there.
What are the key thing is is to find some unmet need a customer hands.
Something where you have the skill sets to do what somebody else can't do.
And then whether that winds that being classed as a service job -- manufacturing job I don't think matters very much.
It's finding some way to improve somebody's life and that's always available it's available any of us if we just look around.
We don't think -- -- -- -- to do but is available now it's not I agree with you there that's for sure.
But it's interesting that you come at this the way you do because it sounds like.
We are talking about is on to the -- is taking this first step or business folks taking the first step not government.
-- governments solve our jobs problem or doesn't have to come from the private sector.
I think throughout my whole life and I think your last segment sort of illustrated every time -- -- try to socially engineer from the government.
It's too big and it's bureaucratic and it doesn't really understand the problem and you'll often get the absolute out the at the opposite result of what you're targeting to get.
Whereas if you're trying to serve one single customer.
That's a that has this natural interaction with a customer -- -- -- service or not and that customer response the -- Government things you decide you're gonna change a whole bunch of people's lives.
He set out a program spent a whole bunch of money and if it doesn't work you still keep the program lives up there there's a natural refreshing we have our economy that.
That the you know you just look at what any statistic like the ones you just quoted at almost consistently do the same thank you target the problem the outcome is the opposite of what -- intended.
That's not true of one business actually if you open a restaurant to serve customers and they like it they actually get their lives -- improve and -- -- if you do it successfully.
It sounds like what you're saying is that you don't think -- half a trillion jobs program president's proposing is the right way to go out what do you say about it.
Now I think that is an example of an extreme example of how wrong things can get.
You're already borrowing a trillion and a half dollars every year.
And now -- gonna spend another half a trillion dollars a year to try to grow the economy when it is in growing -- -- borrowing at that kind of rate.
In your printing 70% of the dollars that you're actually borrowing your having to print -- there -- money in the world pay for already.
-- you're gonna spend more and even if you think you should tax people more what's gonna pay for the initial trillion and a half.
This is just getting -- more and more on a cliff that will never get off of in some terribly concerned about that kind of proposal.
It's the wrong way we've got to fundamentally get at the core think the core engine of our economy.
And get people back to creating services for customers.
That customers need -- pay for.
That's what draws our economy and ultimately will help us handle budget deficit.
I was gonna say that cliff is the one that's really gonna killer kids and our grandkids because they're gonna be the ones paying -- -- at the end -- -- -- Brad thanks for coming on overnight that I can probably live through thanks very much was great to have you the reason jump back -- --
