Who creates jobs? The "rich" or the "non-rich"?

Lol, I mean seriously. The only other job creator I can think of is the government, if not the rich.

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  • 2 years ago

    Entrepreneurs start the initial small business then once the business grows, more job opportunities become available as the business requires more staff.

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  • Anonymous
    2 years ago

    If a customer is UNWILLING TO PAY to get a job done, how do the "rich" create jobs?

    http://uk.businessinsider.com/rich-people-create-j...

    Rich merely indulge in mergers and acquisitions and share buy backs, or get rid of staff who actually do the work, whilst the bosses swan about awarding themselves hefty bonuses. The customer SHOULD HAVE THE RIGHT TO VETO their remuneration, for inadequate services, whilst increasing prices.

    Middle-class consumers "create" jobs.

    http://www.informationclearinghouse.info/article31...

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  • Anonymous
    2 years ago

    The rich do create jobs, but their Ego might be getting the best of them when it comes to this subject.

    What creates jobs is when the middle class has extra spending money.

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    • Tranny5 months agoReport

      The middle class has no money to spend unless they have jobs. Government does not create products or jobs. They steal money from the workers (taxpayers) and use that money to pay their staff. They usually hire private companies to do that big jobs like building roads or buildings.

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  • 2 years ago

    The homeless are doing a pretty good at creating jobs of Haz-Mat clean-up crews, cops, bureaucrats, emergency room docs & nurses & social workers.

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    • Tranny5 months agoReport

      The problem with spending tax money on the homeless is that money could have been spent for better, more long lasting outcomes. Homeless spending is like theory that a broken window creates jobs. If the window did not get broken the money could have been spent for better things. 

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  • Capitalism creates jobs. Even a kid from the slums who buys a cheap pair of shoes is helping to create jobs. The buyer values what he buys more than what he pays. The seller values the money more than what he sells. Both win. Overall wealth increases. But that wealth doesn't vanish once it's spent. It gets circulated over and over again. Adam Smith called the cycle of demand and supply: the invisible hand. Demand creates supply. Supply and demand create jobs.

    Anyone who spends any money is creating jobs. All wealth comes from sales All jobs come from profits from sales. The Government sells virtually nothing. Moreover, every dollar the government spends on it's employees was taken from profits that are not available to create jobs.  However, Government spending on infrastructure and security goes a long way to promote commerce. When government improves infrastructure, and provides secure areas in which to do business, there is a positive return on investment for society. When it is easier and safer to buy and sell goods. Commerce will generate more jobs.

    • Tranny5 months agoReport

      Exactly. Thanks for posting. 

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  • 2 years ago

    Anyone who needs or wants something done for them and will pay someone else to do it. That can be anybody. If you decide that your time is more valuable, whether you use that time to earn for yourself or use if for leisure activities, spent doing those things than in doing household chores indoors or outdoors, you pay someone else to do those chores. YOU just created a job for someone. I wouldn't call anybody in my neighborhood rich, but collectively, we keep a lot of landscapers, driveway sealers and snow plowers (those two are often the same people) in work.

    The wealthy play a very important role, in the field of consumer goods, that few understand and even fewer will acknowledge. In the early days of most technologies that wind up being mass-marketed, those products are expensive and only the wealthy can afford them. The wealthy tend to also be seekers of new things and are willing to spend $2,000 on that very early video tape machine (first the Beta and later the VHS), just as one example. Enough willing, wealthy spenders kept those markets afloat until the economy of scale could develop so those products could both evolve and improve, and be made so the masses could afford them. Electronics, phones, many, many consumer goods.

    • Tranny5 months agoReport

      Exactly. And the wealthy are often the only people with the extra income to take chances (make the bets) on new and innovative products and services. Money that is often lost in the quest to provide a better life for those with less money. When the bet pays off they win. 

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  • 2 years ago

    Demand creates jobs. People with money to spend, create jobs. "The rich are sitting on trillions of dollars" while the "non-rich" are struggling.

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    • Tranny5 months agoReport

      Agree with Lv5. The rich don't "sit" on their money. They invest it in stocks, bonds or start another company. A rich person would be an idiot to sit on their money and most rich people are not idiots. 

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  • 2 years ago

    Wrong on both accounts.

    Jobs are created by an increase in demand for a good or a service, almost always from the consumers.

    Not the rich, not the government.

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    • Tranny5 months agoReport

      Where does that increased demand come from?  Usually either from income that exceeds a person's basic needs and/or a desire for a new product or service. Who creates the new products and services? Not government. Who creates more demand for jobs that increases income? Usually businesses. 

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  • 2 years ago

    Production and the demand for products.

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    • Tranny5 months agoReport

      Yes but all paid for by the government with money that comes from the taxpayers. Forced payment for services that many may not need. How often do you need a teacher after you get out of school, for instance?  

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  • 2 years ago

    The non-rich buy things, which helps businesses, aka the rich, who hire more people.

    It's like a circle, dude...

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