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**triardwonvada** · 05-18-2012, 10:55 PM

Venture Capitalist Nick Hanauer said on TED Talks:

Rich people don't create jobs, nor do businesses, large or small. What does lead to more employment is a "circle of life" like feedback loop between customers and businesses. And only consumers can set in motion this virtuous cycle of increasing demand and hiring. In this sense, an ordinary middle-class consumer is far more of a job creator than a capitalist like me. He later said "So when businesspeople take credit for creating jobs, it's a little like squirrels taking credit for creating evolution. In fact, it's the other way around."

http://www.youtube.com/watch?v=bBx2Y...ature=youtu.be

05-18-2012, 10:55 PM	#1
triardwonvada Join Date Oct 2005 Posts 448 Senior Member	Rich People Don't Create Jobs (Economics) Venture Capitalist Nick Hanauer said on TED Talks: Rich people don't create jobs, nor do businesses, large or small. What does lead to more employment is a "circle of life" like feedback loop between customers and businesses. And only consumers can set in motion this virtuous cycle of increasing demand and hiring. In this sense, an ordinary middle-class consumer is far more of a job creator than a capitalist like me. He later said "So when businesspeople take credit for creating jobs, it's a little like squirrels taking credit for creating evolution. In fact, it's the other way around." http://www.youtube.com/watch?v=bBx2Y...ature=youtu.be
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