Who is creating jobs? How can more jobs be created? Who are the job creators?
Update February 4, 2018: Well, we have more tax cuts mostly for the rich! And we have Republicans again talking about how these tax cuts are going to create more jobs and raise the GDP. So this article, that I wrote a LONG, LONG time ago, back in 2011, still stands.
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| Photo found on Facebook. I'll be happy to credit it if I can find the original. |
Demand drives the economy. Demand creates jobs.
A very basic primer:
You may have heard the adage "You've never received a job from a poor person." This is an attempt to get people like you and me to support cutting taxes on the rich, to support lowering corporate taxes, etc. This is the whole premise of "supply side" economics: Make the country more "business-friendly" through lower taxes, fewer regulations, less concern for the environment, less union influence, less concern for the condition of workers, etc., and business will thrive. And, as business thrives, they will hire more people and life will be much more grand for all of us. So "they" say.
Supply-side "trickle down" economics
At least that is what certain politicians and business people want us to believe. That's the essence of "supply-side" "trickle down" economics that we've been hearing about for decades now.
The Role of Demand
The Role of Demand
But supply-side ignores a very important fact:
