Quote:
Originally Posted by piece-itpete
They create jobs by buying things? Sure, but that is a far far cry from building a company with 100s or 1000s or 10,000s of jobs. Sam did that.
Pete
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Without customers?
People have to have the money to buy the merchandise or the business goes down the tubes, regardless of how wealthy the business owner may be. This notion that only one narrow sector of society, "the wealthy", create jobs is absurd. It's like saying all you need to make plants grow is rain, without regard for soil or climate conditions.
If the tide fails to lift all boats the system is broken. If wages fall too far behind, prices need to drop in order to maintain demand. Unfortunately, we have been acheiving this through outsourcing which leads to higher unemployment and/or lower wages. Yes, you can increase productivity to some extent, but even this has it's limits.
Just my opinion, but it takes perfect sense to me.
Dave