Americans have more confidence on small businesses than large US Corporations

A majority of Americans, in a new poll condemn that large U.S. corporations are much better at creating good jobs for citizen in other countries than for Americans.Grand Central Bakery, Portland, Oregon.

Grand Central Bakery, Portland, Oregon.

Results of a Gallup survey released last month revealed that respondents have more confidence in small businesses than large, with 43 percent saying that large companies are weak at creating jobs domestically. About 66 percent of Americans believe that large U.S. companies are much better at creating good jobs for overseas citizens, where they do business. The poll comes amid a still abating US economy in terms of jobs growth, with a high rise in the US unemployment nationwide, except in areas with a strong local economy such as Washington D.C.

When asked, which make a greater contribution towards the development of new products and technologies in the U.S., 66 percent of respondents said small businesses with just 35% showing faith in innovations in big corporations. Just 43 percent of Americans said that large U.S. companies did a good job of creating good jobs domestically. And overall, 54 percent said big businesses did an extremely poor job of maintaining equilibrium in the best interests of the U.S. and its citizens with best interested in their companies.

The findings are constant in comparison of previous Gallup poll results which indicated that only 22 percent had confidence in big businesses, which is one of the lowest confidence ratings of any of the bodies Gallup has tested.

“Large U.S. companies clearly have an image problem,” said Gallup from its findings, “A majority of Americans perceive that large U.S. companies do a poor job in terms of creating jobs domestically, helping grow the American economy, and putting the interests of the country ahead of their own”.

Gallup said that the latest poll results demonstrate that a “significant challenge large U.S. companies face in their efforts to improve their image at home in convincing Americans that they are the backbone of the U.S. economy as much as they are economies overseas”.

The Gallup poll reveals that large U.S. corporations will face a considerable challenge in exhibiting their economic contribution domestically compared to small businesses. In order to counter the perception of Americans who believes that small businesses make a greater contribution towards innovations, large businesses will need to document their contribution to a superlative degree. Gallup says “They also need to remind the public that growth among large companies usually leads to development in the small businesses that supply them and that small businesses gain when large companies increase workforces.”

 

Anna Domanska
Anna Domanska is an Industry Leaders Magazine author possessing wide-range of knowledge for Business News. She is an avid reader and writer of Business and CEO Magazines and a rigorous follower of Business Leaders.

Recent Posts

Cryptocurrency Scammers Promise Fake Amazon Tokens to Rob Buyers

Cryptocurrency Scammers Promise Fake Amazon Tokens to Rob Buyers

A report by blockchain data platform Chainalysis reveals that nearly $14 billion in cryptocurrency were sent to illicit addresses in 2021.
13 hours ago
Neuralink Looks for a Clinical Trial Director to Direct Its Next Step

Neuralink Looks for a Clinical Trial Director to Direct Its Next Step

Musk had previously revealed that he hopes the company will be able to address a wide range of neurological problems – ranging from addiction to paralysis.
1 day ago
Winter Olympics 2022: The Silence of the Brands

Winter Olympics 2022: The Silence of the Brands

Brands see the Olympics as an opportunity to connect with their consumers and boost sales with limited edition products.
2 days ago
Best Fintech Stocks to Buy in 2022

Best Fintech Stocks to Buy in 2022

The biggest names on Wall Street are buying some of these best fintech stocks of the year. Now maybe a great chance to invest money in the right business.
3 days ago
The Untold Story of How Elon Musk Ousted Tesla’s Founders

The Untold Story of How Elon Musk Ousted Tesla’s Founders

Not many know that Tesla wasn’t founded by Elon Musk. So who founded the world’s most valuable automotive company?
3 days ago
What’s the new inflation rate saying?

What’s the new inflation rate saying?

According to the US consumer price index, the inflation rate has witnessed a rapid rise during the past six months since it’s 0.8% increase in November.
4 days ago