Post
Topic
Board Politics & Society
Re: Who creates the jobs?
by
qbg
on 18/12/2011, 22:58:07 UTC
Rich people invest, and investment creates jobs. Employees need to be worth the capital to be hired, but ultimately the investment creates the jobs ergo rich create jobs.
This is mistaking the effect with the cause. The markets create jobs, and investment realizes them. Without a favorable market, the investment would not happen in the first place.