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Jobs are created when demand is sufficient enough that the revenue from the additional business generated will not only offset the cost of an additional employee but will also cause the business to profit from the addition of a new employee.
Continuing to lower taxes on the entrepreneur class does nothing to create jobs. If a business owner has extra revenue due to tax cuts, that revenue is quite irrelevant to job creation; jobs are created to produce revenue, not because of excess revenue. In a capitalistic system, the majority of jobs are created by supply and demand.
Job creation does not arise out of an altruistic, benevolent whim; jobs are created when there is work to be done. If you look at the companies that have created the most jobs–Wal-Mart, Microsoft, UPS, McDonalds, et cetera–these are the companies that are widely popular among American consumers. Consumption creates jobs.
Not tax cuts.
Give this person a cigar!
Also in just about every healthy vibrant economy there is a growth in the population of middle class people and middle class INCOME GROWTH.
At the present time the economy of the United States IS BROKEN in part because middle class wage growth has stagnated for the past 30 years as a direct resulit of "Trickke Down Economics" where "Trickle Down" clearly did not occur. In the past decade investment dollars that could have created American jobs have left the country in search of higher profits.
"• Did Bush preside over 52 months of uninterrupted job creation? Close, but not quite.
According to the Bureau of Labor Statistics, the economy added more jobs than it lost during 50 out of 52 months between September 2003 and December 2007. The economy lost jobs over two months during that stretch -- between June 2007 and July 2007 (20,000 jobs) and between July 2007 and August 2007 (71,000)."
Bush haters point to "8 years" but, never break it out. Admittedly the last 2 were terrible AFTER the dems took control of Congress, of which they never blame.
So based on YOUR LOGIC the Republicans should be at least partially culpable for the economy since they took control of the House in 2010 and have yet to propose any legislation that will directly impact the economy in a positive way.
Also the Bush 43 administration's economic record was NEVER that good. Quarterly GDP growth only reached 4% or higher twice. Overall average quarterly GDP was just over 2% for the entire eigth years he was in office.
"• Did Bush preside over 52 months of uninterrupted job creation? Close, but not quite.
According to the Bureau of Labor Statistics, the economy added more jobs than it lost during 50 out of 52 months between September 2003 and December 2007. The economy lost jobs over two months during that stretch -- between June 2007 and July 2007 (20,000 jobs) and between July 2007 and August 2007 (71,000)."
Bush haters point to "8 years" but, never break it out. Admittedly the last 2 were terrible AFTER the dems took control of Congress, of which they never blame.
Don't bother mentioning that the economy was losing private sector jobs through first 32 months or so after Bush took the office and republicans in control of the congress, a total of 3.4 million jobs lost. Now imagine that happening under Obama. Nobody even seems to notice that 2.1 million jobs have been added since Jan 2010.
Well the problem currently is we have PLENTY of rich people and still no jobs.
That in part is the result of fact YOU NO LONGER NEED TO CREATE JOBS TO CREATE WEALTH a market savvy investor can easily make 15% to 20% a year on their money in the financial markets and if the money is invested long enough i.e. over a year the capital gains taxes are 15%.
You and can make extrordinary profits by investing in low wage emerging market countries.
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