--- title: "Meaning & Key Takeaway of: Small and mid-sized companies in this…" description: "\"Small and mid-sized companies in this country historically have been responsible for creating the overwhelming majority of new jobs in the private sect..." image: "https://sms4smile.com/quotes/i/056/michael-milken-31197_business_small-and-mid-sized-companies-in-this-co_254676.jpg" --- # Small and mid-sized companies in this country historically… ![“Small and mid-sized companies in this country historically have been responsible for creating the overwhelming majority of new jobs in the private sector. One of the most-common misconceptions about our private enterprise system is that large companies, such as the Fortune 500, are integral to the…” quote by Michael Milken](https://sms4smile.com/quotes/i/056/michael-milken-31197_business_small-and-mid-sized-companies-in-this-co_254676.jpg) [Download](https://sms4smile.com/quotes/i/056/michael-milken-31197_business_small-and-mid-sized-companies-in-this-co_254676.jpg) [Open image](https://sms4smile.com/quotes/i/056/michael-milken-31197_business_small-and-mid-sized-companies-in-this-co_254676.jpg) > “Small and mid-sized companies in this country historically have been responsible for creating the overwhelming majority of new jobs in the private sector. One of the most-common misconceptions about our private enterprise system is that large companies, such as the Fortune 500, are integral to the process of job creation in this country. The truth is quite the opposite.” [Michael Milken](https://sms4smile.com/quotes/author/michael-milken/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Small firms drive most job growth, while large firms are often blamed incorrectly. **In simple terms:** Small firms create most jobs. Key Takeaway Support small business policies. Themes economy employment business size misconception policy Mood analytical optimistic Type informative policy‑oriented When to use this quote - government policy - investment decisions - career planning - regional development - economic education Key Concepts job creation market dynamics entrepreneurship Questions to Reflect On - How can policy better recognize small business contributions? - What incentives boost small firm hiring? A Different Perspective Large firms also create jobs, especially in high‑skill sectors. ★ ★ ★ ★ ★ No ratings yet [Business](https://sms4smile.com/quotes/about/business/) [Company](https://sms4smile.com/quotes/about/company/) [Country](https://sms4smile.com/quotes/about/country/) [Creating](https://sms4smile.com/quotes/about/creating/) [Creation](https://sms4smile.com/quotes/about/creation/) [Enterprise](https://sms4smile.com/quotes/about/enterprise/) [Fortune](https://sms4smile.com/quotes/about/fortune/) [Job creation](https://sms4smile.com/quotes/about/job-creation/) [Jobs](https://sms4smile.com/quotes/about/jobs/) [Large companies](https://sms4smile.com/quotes/about/large-companies/) [Misconception](https://sms4smile.com/quotes/about/misconception/) [New job](https://sms4smile.com/quotes/about/new-job/) [Opposites](https://sms4smile.com/quotes/about/opposites/) [Private enterprise](https://sms4smile.com/quotes/about/private-enterprise/) [Private sector](https://sms4smile.com/quotes/about/private-sector/) [Process](https://sms4smile.com/quotes/about/process/) [Small businesses](https://sms4smile.com/quotes/about/small-businesses/) ## Related quotes > [In terms of job creation, every billion dollars invested in the physical infrastructure creates 47,000 new jobs.](https://sms4smile.com/quotes/bernie-sanders/in-terms-of-job-creation-every-billion-dollars-invested-in-the/) [Bernie Sanders](https://sms4smile.com/quotes/author/bernie-sanders/) > [The way to an American economic comeback, the way to help those out of work today find a paycheck, is to unleash the forces…](https://sms4smile.com/quotes/rob-portman/the-way-to-an-american-economic-comeback-the-way-to-help-those-out-of/) [Rob Portman](https://sms4smile.com/quotes/author/rob-portman/) > [If we are to garner sustained U.S. domestic support for future trade agreements, we have to make sure those Americans who have suffered as…](https://sms4smile.com/quotes/susan-rice/if-we-are-to-garner-sustained-u-s-domestic-support-for-future-trade/) [Susan Rice](https://sms4smile.com/quotes/author/susan-rice/) > [President Obama has tried to spin the paltry new job creation numbers as 'a step in the right direction.' 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We must react just as strenuously…](https://sms4smile.com/quotes/lawrence-eagleburger/small-and-medium-sized-companies-do-not-know-what-we-have-to-offer/) [Lawrence Eagleburger](https://sms4smile.com/quotes/author/lawrence-eagleburger/) > [The fact is, there are Fortune 500 companies that have been founded during recessions.](https://sms4smile.com/quotes/marianne-williamson/the-fact-is-there-are-fortune-500-companies-that-have-been-founded/) [Marianne Williamson](https://sms4smile.com/quotes/author/marianne-williamson/) > [“It doesn’t matter if you work at a fast food joint or if you are the CEO of a Fortune 500 company. Your job…](https://sms4smile.com/quotes/the-angel-affect/it-doesn-t-matter-if-you-work-at-a-fast-food-joint-or-if-you-are-the/) The Angel Affect > [If you thought the advent of the Internet, the spread of cheap and efficient information technology, and the growing fragmentation of the consumer market…](https://sms4smile.com/quotes/james-surowiecki/if-you-thought-the-advent-of-the-internet-the-spread-of-cheap-and/) [James Surowiecki](https://sms4smile.com/quotes/author/james-surowiecki/) > [“It’s easy to like the idea of being the CEO of a Fortune 500 company. It’s harder to like the hours, the responsibility, and…](https://sms4smile.com/quotes/josh-kaufman/it-s-easy-to-like-the-idea-of-being-the-ceo-of-a-fortune-500-company/) [Josh Kaufman](https://sms4smile.com/quotes/author/josh-kaufman/) ## More by Michael Milken > [So many of my family and friends had lost their battles against cancer. What could I do that my relatives and friends had not?…](https://sms4smile.com/quotes/michael-milken/so-many-of-my-family-and-friends-had-lost-their-battles-against/) [Michael Milken](https://sms4smile.com/quotes/author/michael-milken/) > [My experience indicates that most people who've accumulated a great deal of wealth haven't had that as their goal at all. 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But if we try to make the future triple-A, we have…](https://sms4smile.com/quotes/michael-milken/the-past-is-always-triple-a-we-can-all-remember-what-the-past-was-but/) [Michael Milken](https://sms4smile.com/quotes/author/michael-milken/) > [Earlier in this century, philanthropy often flowed from the wills of dead industrialists. In recent decades, it's as likely to have come from a…](https://sms4smile.com/quotes/michael-milken/earlier-in-this-century-philanthropy-often-flowed-from-the-wills-of/) [Michael Milken](https://sms4smile.com/quotes/author/michael-milken/) > [In the four decades of philanthropy that have paralleled my business career, I've found that the same principles apply whether you're providing access to…](https://sms4smile.com/quotes/michael-milken/in-the-four-decades-of-philanthropy-that-have-paralleled-my-business/) [Michael Milken](https://sms4smile.com/quotes/author/michael-milken/) > [The future of our country is not found in our boardrooms, but in our classrooms.](https://sms4smile.com/quotes/michael-milken/the-future-of-our-country-is-not-found-in-our-boardrooms-but-in-our/) [Michael Milken](https://sms4smile.com/quotes/author/michael-milken/) > [Dedicated researchers seek better treatments and cures for diabetes, kidney disease, Alzheimer's and every form of cancer. But these scientists face an array of…](https://sms4smile.com/quotes/michael-milken/dedicated-researchers-seek-better-treatments-and-cures-for-diabetes/) [Michael Milken](https://sms4smile.com/quotes/author/michael-milken/) > [ The federal investment in finding cures for cancer - $3 billion annually \[as of 1999\] - is less than ... zero ... point ...… ](https://sms4smile.com/quotes/michael-milken/the-federal-investment-in-finding-cures-for-cancer-3-billion-annually/) [Michael Milken](https://sms4smile.com/quotes/author/michael-milken/) > [You've got to treat people as equals, and make them feel like it's their company. I don't know if I've had any impact or…](https://sms4smile.com/quotes/michael-milken/you-ve-got-to-treat-people-as-equals-and-make-them-feel-like-it-s/) [Michael Milken](https://sms4smile.com/quotes/author/michael-milken/) [Explore all 16 Michael Milken quotes ](https://sms4smile.com/quotes/author/michael-milken/) ## More Business quotes > [Companies with cultures that celebrate diverse opinions and encourage the exchange of ideas have an advantage when solving difficult problems. 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It's like whatever I do business wise, it's…](https://sms4smile.com/quotes/snoop-dogg/i-m-a-business-first-and-foremost-so-whatever-my-business-is-it-s/) [Snoop Dogg](https://sms4smile.com/quotes/author/snoop-dogg/) > [Many early-stage entrepreneurs make one simple mistake: Describing this 'big picture' in vague concepts and words.](https://sms4smile.com/quotes/sunil-nagaraj/many-early-stage-entrepreneurs-make-one-simple-mistake-describing/) [Sunil Nagaraj](https://sms4smile.com/quotes/author/sunil-nagaraj/) > [Nobody has a crystal ball, and part of evolving a business plan is to say, 'I might have said we're going left, but I…](https://sms4smile.com/quotes/ryan-kavanaugh/nobody-has-a-crystal-ball-and-part-of-evolving-a-business-plan-is-to/) [Ryan Kavanaugh](https://sms4smile.com/quotes/author/ryan-kavanaugh/) > [I think a business guy is different from an artist. They walk different paths. Artists create the best outputs when they're having fun. 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