He's saying 1 new worker added to a firm that already exists is more productive and causes more economic output than 1 new worker added to a random new business that wouldn't exist without the government benefits for them.
He's not saying they're a colossal waste of time, merely incentivising new hires in established firms will create more output than making new firms. He's just saying what the data is saying.
"Opening an Applebees is better than making a random restaurant with your own brand and corporate structure is more likely to create more economic activity".
He's saying 1 new worker added to a firm that already exists is more productive and causes more economic output than 1 new worker added to a random new business that wouldn't exist without the government benefits for them.
He's not saying they're a colossal waste of time, merely incentivising new hires in established firms will create more output than making new firms. He's just saying what the data is saying.
"Opening an Applebees is better than making a random restaurant with your own brand and corporate structure is more likely to create more economic activity".