The error in the article is taxes have gone up. Federal, State, and local taxes now take up 42% of GDP. Before 1929 it was never higher than 5%. This forced factories to move overseas, thus the jobs are created there, why we have high permanent unemployment.
The solution end minimum wage and all business taxes.
BTW, Obama with the payroll tax cut, just gave everyone a $1000 pay cut. But, it should help business profits and thus the economy.
Topic: Who creates the jobs? - page 3. (Read 5084 times)
I did.
Yet another non-economist spewing out ignorant opinions on macroeconomics, based on nothing but his personal microeconomic experience and anecdotal evidence.
Then the author going, "oooh listen to that guy, what he is saying must be true, I mean he is RICH after all".
The arguments presented are so crude and simplistic that even Krugman could point out flaws in them.
In fairness, the article is right about one thing: The indiscriminate spending it advocates would create jobs of SOME sort. But if the author had even a minimum of economic literacy he would know that indiscriminate job creation is not the POINT.
The point, and the big challenge of economic policy, is the creation of useful, productive jobs.
Yet another non-economist spewing out ignorant opinions on macroeconomics, based on nothing but his personal microeconomic experience and anecdotal evidence.
Then the author going, "oooh listen to that guy, what he is saying must be true, I mean he is RICH after all".
The arguments presented are so crude and simplistic that even Krugman could point out flaws in them.
In fairness, the article is right about one thing: The indiscriminate spending it advocates would create jobs of SOME sort. But if the author had even a minimum of economic literacy he would know that indiscriminate job creation is not the POINT.
The point, and the big challenge of economic policy, is the creation of useful, productive jobs.
Speaking of crude and simplistic arguments, how do you like "Rich people invest, and investment creates jobs."?
What is a useful, productive job then? If the jobs created by catering to the needs and wants of the people who happen to have extra cash to spend, as the example in the article, isn't good enough, then what is?
Rich people invest, and investment creates jobs. Employees need to be worth the capital to be hired, but ultimately the investment creates the jobs ergo rich create jobs.
You couldn't be bothered to read the article could you?I did.
Yet another non-economist spewing out ignorant opinions on macroeconomics, based on nothing but his personal microeconomic experience and anecdotal evidence.
Then the author going, "oooh listen to that guy, what he is saying must be true, I mean he is RICH after all".
The arguments presented are so crude and simplistic that even Krugman could point out flaws in them.
In fairness, the article is right about one thing: The indiscriminate spending it advocates would create jobs of SOME sort. But if the author had even a minimum of economic literacy he would know that indiscriminate job creation is not the POINT.
The point, and the big challenge of economic policy, is the creation of useful, productive jobs.
Rich people invest, and investment creates jobs. Employees need to be worth the capital to be hired, but ultimately the investment creates the jobs ergo rich create jobs.
You couldn't be bothered to read the article could you? 
In the US consumerism creates jobs, which is really dependent on companies having enough money to tell you what you want.
In America, ad space being available is a bad sign.
In America, ad space being available is a bad sign.
Rich dude couldn't get at all that resource buried underneath the ground by himself. A group of "workers" could organize and do it without him though.
Rich people invest, and investment creates jobs. Employees need to be worth the capital to be hired, but ultimately the investment creates the jobs ergo rich create jobs.
You could basically redux the entire article to this one statement:
Rich people make businesses but those businesses must provide goods and/or services. The economic health of the nation creates much of the demand and that demand drives prices which drives jobs. To imagine job creation as independent of the economy is foolish and to imagine the economy as a top-down hierarchy rather than a tangled hierarchy is also foolish. Those insinuating that "the rich create the jobs" are grossly oversimplifying a system which has proven extraordinarily difficult to simplify.
Quote
What creates the jobs, Hanauer astutely observes, is a healthy economic ecosystem surrounding the company, which starts with the company's customers.
Rich people make businesses but those businesses must provide goods and/or services. The economic health of the nation creates much of the demand and that demand drives prices which drives jobs. To imagine job creation as independent of the economy is foolish and to imagine the economy as a top-down hierarchy rather than a tangled hierarchy is also foolish. Those insinuating that "the rich create the jobs" are grossly oversimplifying a system which has proven extraordinarily difficult to simplify.
http://www.businessinsider.com/rich-people-do-not-create-jobs-2011-12
Apparently not rich people, according to the article.
Apparently not rich people, according to the article.
Ultimately, it is always YOU who creates your job.
If you can think of ways to be valuable to rich people, they will gladly employ you.
http://www.businessinsider.com/rich-people-do-not-create-jobs-2011-12
Apparently not rich people, according to the article.
Apparently not rich people, according to the article.
Jump to: