Saturday, May 14, 2011

The rich don't create jobs, we do.

This is a great article over at truthout.

Actually, "the Rich" Don't "Create Jobs," We Do

Simply put, jobs are created to meet demand and demand is driven by how much money the average person has to spend, which is primarily driven by wages. Its not that complicated. Jobs are not gifts bestowed upon us by the rich. There are simple economic realities to how jobs are really created.

Trickle down economics has caused the economic crisis of today by keeping wages down so demand has plumetted, which is why there are no jobs being created. Think about it, the rich are doing great yet are creating no jobs. Why? Because the rich do not create jobs. Consumer demand does.

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