Poor people spend a greater share of their income, because they have to. There are millions more poor people than there are wealthy people. Poor people drive demand. Demand produces jobs.Poor people do not hire employees dumbass. When was the last time you saw a bum with a secretary or a gardener or factory workers??
Evidence: Look at the corporate profit margins this year, they've been record setting.
Look at the top 1% over the last decade, they've been doing extraordinarily well through this entire recession.
According to you, this means that we should have had non-stop job production because employers are keeping more of their money? Oh wait no, because that's not how it works. Employers are not going to create new jobs simply because they make more money, if there isn't an increase in demand. Employers do not want to hire people to stand around, they only hire people when they need to in order to keep their production going.
Demand drives job creation.
Last edited by Zathras; 12-10-2010 at 01:53 PM.
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