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Rich People Don't Create Jobs (Economics)
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05-19-2012, 06:02 AM
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WelcomeMe
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From personal experience, I have to agree with Hanauer. Creating a job (which is almost a misnomer in and of itself), is a direct result of either wanting to maintain or improve profitability. There already has to be a market for whatever product you are intending to sell, which in turn means the consumer is inherently responsible for job creation. Considering the American economy is almost entirely dependent on consumer spending, the second the general population has less liquid cash (or credit) to spend, the second we enter into a recession. The monkey wrench in our current economic climate is that many jobs are sent overseas. So even when consumer spending increases (such as buying new Apple products), only a fraction of the new "job creation" is actually seen in this country.
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