^ But they're the ones who largely create jobs. So shouldn't economic policy make it easier for them to do so?
The entrepenours (sp?) create the jobs. The workers create the profit. It should be easy for both to enjoy the fruits of their labours.
OK Well since all wealth is relative it very much depends on what you mean by ‘poor’. When I was travelling as a migrant worker I took what jobs were available and on more than one occasion was employed by people that by British standards would have been described as poor and of course the wages were equally poor (one time about a one pound a day plus food). When travelling with a busker it soon became clear that a musician made more money playing in the relatively poorer areas than in the richer ones (where you were also more likely to be moved on by the police). This is backed up by studies that have shown that the relatively poor give more money to charity that the relatively rich. UK - Poor give more generously than the rich http://www.guardian.co.uk/society/2001/dec/21/voluntarysector.fundraising US – The Poor Give More http://www.portfolio.com/news-markets/national-news/portfolio/2008/02/19/Poor-Give-More-to-Charity This means that a lot of people employed by those charities are being paid for by the relatively poor.
The thing about job creation is that it isn’t as simplistic as saying rich people create jobs Money can help create jobs but often the rich are not the ones that create them – what banks are supposed to do (rather than get involved in useless speculation) is to invest – they use the money deposited with them (often from the relatively poor) and use it to help people set up businesses (and should only demand a relatively small profit). I grow up in a pub and a shop both of which employed people and if my parents had depended on some rich person to help them set them up they’d still be waiting. They like many other small business people had to look to the banks. The problem over the last few years has been that banks preferred speculation to solid investment. Governments can also do the same thing, they use the taxes they raise (often from the relatively poor) and invest it in infrastructural or development projects that employ people for the benefit of the wider society. In other words most investement comes via collective wealth not wealthy individuals. In fact when rich people do actually invest directly it usually comes with a high price, with them demanding substantial control and ownership over the business.
I've had the same experience. And since our economy is based on consumerism, one should look at who the vast number of consumers are.
"I've never been hired by a poor person"--Even though I never listen to his show,it sounds like something Rush Limbaugh(who earns 50 MILLION dollars a year) or some similair multimillionaire loser would say.---Fact is the ultra wealthy people in the US hardly pay taxes anymore,with all the loopholes etc.In the 1950s President Dwight Eisenhower(Republican) to his credit REFUSED to lower the 90% tax rate on the very rich,and the wealthy still did fine,the economy was great.--A sidenote do the wealthy still create jobs in the US?--I thought they just create jobs in China and India now.LOLz.
Also if you think about it everyone in the UK and US are paying for the excess, greed and stupidity of those in the financial services, including if not especially the relatively poor. So it could be argued that virtually everyone in the financial services sector are in one way or another being paid for by public money or owe their continued employment to public money. They were bailed out (or continue to be bailed out) by the collective commonwealth. So to one extend or another, the financial sector, owes the relatively poor, the ‘common’ people, a debt or are their employees.
Bourgeoisie create jobs, sure. But then they also control the means of production. Economic policies aren't supposed to favour one class over another for the benefit of the wealthy. Economic policies are about ethics, and fairness.
True, but at a certain point, the easiest way for a company to make more profit is to cut labour costs by firing people and/or outsourcing. Economic policies (tax policies) that aim at job creation should make it easy for start-ups to hire and hard for larger corps to fire.
I actually have been hired by several people who have made less than 250,000 a year. I currently am. I've worked for restaurants and software companies, both of which didn't have people making more than 250,000 running them. Other than that, I have been hired by public schools...and one private school. So, all in all, giving people who make more than 250,000 a year a tax break wouldn't have helped me, it would have only hurt by causing me and the people who I work with and for have to pay more taxes. I know a few people who work for people who make more. I think what's happening in some cases to them is that a lot of people who own a business and have a lot of money are seeing their portfolios shrink. So they are panicking and laying off people and freezing wages, etc. They are saying it's because their business is doing poorly...and I'm sure that's part of it...but I think a lot of it is also that they are worried about their personal wealth declining. I wish that Obama would stop comprising with powerless republicans by putting more money into tax breaks and perpetuating having a few huge banks (which "can't fail") and put more money into people who will and need to spend the money to survive....if he would focus on infrastructure projects, average people would be better off, now by getting jobs, in the future by having a more solid and greener infrastructure, and businesses would be better off by helping to provide the material and management to work on these projects. The "shovel ready" bullshit is just a way to say they can't do something they should be doing. If something isn't shovel ready, it's not going to become shovel ready by ignoring it or taking money away from it. Local and state governments are hurting really badly and need money to keep schools open (I heard about one public school system actually talking about going to 4 long days to save money), to keep our roads safe, to invest in public transportation, etc. That saying sounds like something someone who also says "drink the koolaid" a lot might say...who doesn't realize things are more complex than what they might first appear to be. I'll be the first to admit that I don't understand the complexities of these economic issues myself, but, it's easy to see something that definitely isn't going to help fix things.
I hate the term "job creation". Inevitably, using job creation to MAKE jobs causes there to be too many unnecessary "jobs" that eventually the employers cannot afford to finance. Think about it. With as many actual PEOPLE living in the world, and what they seem to think they require to live, there should be PLENTY of jobs for all. Think about how much effort it would take just ONE person to simply do what it takes to survive. No one should be "creating" jobs just so som people have something to do to make money. It's ridiculous.
In a sense I agree with you. But the measurement of employment is a market indicator. And we've seen how well the financial market uses those indicators for it's own devices. When the figures don't add up to what they think they should be, they change way they are calculated, that's why the employment figures are no way close to accurate.
Yea, we know about faulty unemployment figures. Official figures put this county at about 7%, but the realities are more like 35 to 40% unemployment. That takes into account those who are on social security, workers comp, welfare, and those who work under the table or don't work at all unless they need beer and cig money... I really think our whole economy is off track because the focus is on money making and not on happy and healthy making. If you look at a map of states facing bankrupcy this year, WV is one of the only ones that is NOT. Strange, as we have some of the highest unemployment figures. But wait, we also have one of the highest incarceration rates (about 90% nonviolent drug offenders) The prison industry is booming in WV. That's what you get for "job creation"...
