“I went to Starbucks recently for a cup of coffee,” writes Adam Stover, “and noticed a small sign and some "Create Jobs for USA" wristbands for sale. If you want to, you can donate $5, get a wristband, and support the Opportunity Finance Network, which is a nonprofit, private community-development financial institution. The $5 donation will help poor entrepreneurs start or maintain a business in typically underserved areas with the idea that this will help create or sustain small-business jobs. This sounds quite noble but mischaracterizes what jobs are and where they originate.
He continues: “Furthermore, Opportunity Finance Network’s website invests in businesses that are "profitable, but not profit maximizing. They put the community first, not the shareholder." Implicit in this statement is that turning a profit hurts someone, which is patently false. This is exactly what we as a society do not want.”