Benzinga's Jason Raznick Discusses U.S. Employment on Fox Business
Jason Raznick, the President and co-founder of Benzinga.com, appeared on Fox Business Network last Friday to discuss the job market and government regulations for employers.
In the appearance, Raznick harshly criticized U.S. policy on employment. Stating that while Benzinga was a company with an American focus, it was significantly easier for the company to add jobs overseas than in the United States.
"We are hiring, we are actively hiring, [but] in the US there are obstacles. It's actually harder to hire here than internationally," Raznick stated.
Raznick explained that domestic hiring difficulties stemmed primarily from the tax code and health care requirements.
"When health care gets associated with it, there are many more obstacles for us when making hiring [decisions] here versus internationally. If we wanted to really ramp up, it would be easier to hire internationally," Raznick explained.
When asked about his faith in the current administration to stimulate job growth, Raznick made some cautious comments, stating, "It's not usually a Democratic policy to spur job-hiring in the private sector. The private sector is what needs to grow. Small businesses drive the economy. We've increased government jobs; we need to increase the private sector."
Raznick was asked about his opinion regarding employee tax credits given to businesses that hire new employees as a way to incentive the hiring process. Here, too, Raznick expressed his dissatisfaction with the government.
"Each person we hire, because of the tax structure, costs us a substantial amount of money [more] than it would if we were in another country where the tax code is advantageous," he said. "Tax credits—these are one-time things [which] don't have sustainable practices in play. You can get a tax credit here and there, but there needs to be a big change."
Yet, despite his pessimism with the current situation, Raznick expressed hope for the future.
"Innovative, sustainable companies are what grow the economy. Look at the companies built over the last 10 years: Google, Groupon, Facebook, Twitter—those are the companies that build sustainable things," he said. "I like it here. The problem is hiring—make it more attractive and easier to hire. We will never leave the U.S., we do not want to go off shore," he affirmed.
As mentioned in the interview, Benzinga is currently hiring. Bezinga's career page is located here.
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