DEMAND, any type of DEMAND CREATES JOBS - Not the Rich nor the Corporations

[Johnny Morales]

People create a demand for food, clothing and shelter the same as anyone - that leads to entities trying to fill those needs and in doing so create jobs for people who will work to fill the need.

Merely being wealthy has NO additional impact on the level of demand and in fact too many wealthy people squelch demand, because as a small group their "demands" can be easily filled no matter how extravagant most of the time (things like demand for caviar are excluded). In other words 100 wealthy people can only eat so much, and only a fraction of what 100,000 people can. Thus meeting the food needs of 100,000 non-rich people will create many times the # of jobs meeting the food needs of 100 extremely wealthy people.

Being wealthy does NOT mean you are involved in any sort of manufacturing, innovation or problem solving activities that might create lots of jobs.

Only a fraction of the wealthy actually result from work done like that done by Bill Gates, Steve Jobs.

How many "jobs" do you think Donald Trump creates in his "mostly financially based" wealth vs. a vs. the jobs hard goods create?

It's a miniscule fraction of the jobs say created by making things.

Yet the vast majority of the extremely wealthy have their wealth involved in creating more money in the financial world, where unless you are a banker or trader there is NO need for you, and in that world there aren't that many in total financial types needed to keep it running smoothly racking up the billions, but MAKING VERY FEW JOBS.

It's time to put the nail in the coffin of the oft repeated lie - that the wealthy create jobs.

DEMAND CREATES JOBS, and any group the poor, the middle class and the wealthy all have demands. One thing is certain there is far greater demand created by large groups than small groups if they are allowed a FAIR SHARE of the wealth instead of letting the extremely wealthy sequester so much.

[Skidmore]

1. We need to get back to demanding different products though.

Like things produced here. We also need to create a generation coming up who values substance and not flash. I saw a story on ABC last night about expectations for getting young girls ready for proms with the report showing that people were paying up to $7,000 for the dress alone for a 15 or 16 yr old to go to a dance for one night. While this stuff may keep the service industry busy, it does not contribute to the production of the products needed for daily living and to make a better functioning society. It does create an expectation for excess when most people will never be able to indulge in such. Keeping up with the Kardasians is this years version of Lifestyles of the Rich and Famous.

[exboyfil]

3. That is a years tuition

at a public university. Our values are really messed up.

As a side note my daughter found a dress she liked for $30 for the 9th grade dance. I am very proud of her.

[lib2DaBone]

2. Henry Ford : "Pay your workers a decent wage so they can buy your car"

Since Ronnie Raygun and Bill CLinton with NAFTA... we have been given the SHAFTA.

We need tariffs on all goods produced in China.. or they don't come into this country. To allow Greedy Coprs to go overseas and then ship their shoddy merchandise back into this market willy nilly.. is INSANITY.

[Mister Ed]

4. Ah, I love the smell of truth in the morning. Welcome to DU!

People need to repeat this simple truth over and over and over again:

It's time to put the nail in the coffin of the oft repeated lie - that the wealthy create jobs.

DEMAND CREATES JOBS, and any group the poor, the middle class and the wealthy all have demands.

[wellstone dem]

5. excellent post!

Thank you!

[JHB]

6. Who hires people? (business-wise)

People who need other people to do things to help make them money and get things done.

The finance sector has a role, but it's the grease, not the machine. But their solution to every breakdown is "add more grease".

[econoclast]

7. Actually, that is not entirely true

Example. Looking back at the old USSR. There was Lots of demand for all sorts of things, and people with rubles in their pockets to spend ... But there was little to buy. People routinely walked around with mesh shopping bags in their pockets just in case they came across a shop with something to sell. If people saw a queue outside a store they would get in line without even knowing what was on offer. If there was a lone it must be something they could either use or trade. Demand without supply is meaningless. The USSR produced lots of things ... But most of the things were things painted in camouflage ... Not it stuff that created a self sustaining cycle of supply and demand.

Example 2. Demand for a Toyota Prius creates jobs - jobs in Japan. Same with flat screen TVs etc
WHAT is demanded counts for lots.

Demand and supply are like the blades of scissors. Neither alone cuts it.

The Henry Ford quote is perfect. Ford produced a product HERE that people HERE wanted and paid his workers HERE enough to buy the product supplied.

As long as we, as consumers, continue to demand items produced abroad, that's where the jobs will be created.

[Johnny Morales]

8. Actually your perspective is inane

Using examples in a communist system to explain why I am wrong or right considering I am talking about the American capitalist (mostly) system is illogical and wrong.

OUR SYSTEM RESPONDS to demand.

The former USSR freely ignored and often did NOT acknowledge any demand save those connected to sustaining them.

Actually though your post is one of those that results from someone who never bothers to read past the headline before concocting a reply. So there is no point in going further in explaining it.