DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Rich People Don't Create Jobs (Economics)

**DfrtYhyu** · 05-19-2012, 02:38 AM

I'm almost confident that someone else out there could make a similar speech arguing the opposite point and be just as right.

To do that you'd have have to manufacture facts and invent graphs that make the opposite point because there aren't any which do that.

IMO, If you have a company owner making $500,000 a year in wages and profit, way more then what is needed to live comfortably, and has 100 employees making $30,000 a year. The owner could certainly help the economy by giving those 100 people a $1,000 raise which would get that money back into the economy, or hire 3 more people at similar wages to create more jobs. He would still be making $400,000 a year in my eyes would still be a very comfortable salary.

Company owners don't do either of that, companies don't hire employees for hiring's sake. Like he said it's the last resort they take when the demand from the consumers demands it. So actually, it's not the company owner who has just hired some people on the whim but it's the consumers themselves which actually push the company to hire more people to satisfy that same demand.

The main impression I get from his speech is that he is trying to justify the rich in keeping their money.

What he is saying is that the best way to improve the economy is to have more equality because it creates more consumer demand and that in turn enables companies to make even more money. It's a circle which depends on consumer demand.

05-19-2012, 02:38 AM	#6
DfrtYhyu Join Date Oct 2005 Posts 512 Senior Member	I'm almost confident that someone else out there could make a similar speech arguing the opposite point and be just as right. To do that you'd have have to manufacture facts and invent graphs that make the opposite point because there aren't any which do that. IMO, If you have a company owner making $500,000 a year in wages and profit, way more then what is needed to live comfortably, and has 100 employees making $30,000 a year. The owner could certainly help the economy by giving those 100 people a $1,000 raise which would get that money back into the economy, or hire 3 more people at similar wages to create more jobs. He would still be making $400,000 a year in my eyes would still be a very comfortable salary. Company owners don't do either of that, companies don't hire employees for hiring's sake. Like he said it's the last resort they take when the demand from the consumers demands it. So actually, it's not the company owner who has just hired some people on the whim but it's the consumers themselves which actually push the company to hire more people to satisfy that same demand. The main impression I get from his speech is that he is trying to justify the rich in keeping their money. What he is saying is that the best way to improve the economy is to have more equality because it creates more consumer demand and that in turn enables companies to make even more money. It's a circle which depends on consumer demand.
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