Nick Hanauer "Rich people don't create jobs"

[mmm....shiney!]

If the consumer wasn't there the farmer, miller, and baker wouldn't get paid, and therefore wouldn't have the capacity to employ others.

Show us a market where a consumer does not exist.

 

[willrocks]

If the consumer wasn't there the farmer, miller, and baker wouldn't get paid, and therefore wouldn't have the capacity to employ others.

Show us a market where a consumer does not exist.

That depends on how you define market and consumer.

 

[mmm....shiney!]

If the consumer wasn't there the farmer, miller, and baker wouldn't get paid, and therefore wouldn't have the capacity to employ others.

Show us a market where a consumer does not exist.

That depends on how you define market and consumer.

Care to elaborate?

 

[willrocks]

Show us a market where a consumer does not exist.

That depends on how you define market and consumer.

Care to elaborate?

Consumer - noun
a person who purchases goods and services for personal use.

Military equipment, government contracts ....

 

[mmm....shiney!]

That depends on how you define market and consumer.

Care to elaborate?

Consumer - noun
a person who purchases goods and services for personal use.

Military equipment, government contracts ....

Consumer

noun
1.
a person or thing that consumes.
2.
Economics. a person or organization that uses a commodity or service.
3.
Ecology. an organism, usually an animal, that feeds on plants or other animals.

http://dictionary.reference.com/browse/consumer

Markets do not exist without consumers, your point is moot.

 

[Shaddam IV]

Dole bludgers create jobs. For public servants.

 

[willrocks]

Markets do not exist without consumers, your point is moot.

That's fine, as long as you include artificial markets. E.g. many farm subsidies are paid to farmers for them to not produce, or to produce additional. Is that really a market, who is the consumer?

 

[yennus]

This video made more sense to me.
Freedom creates jobs.

https://www.youtube.com/watch?v=661TPEvCCTU
What Creates Wealth?

Why are some countries rich and some countries poor? Is it access to natural resources? Is it tax policy? A motivated work force? These are important, but not determinative. The answer is deceptively simple it's what's in our heads: knowledge. Thus, the surest way to promote economic growth is to cultivate an environment that encourages the spread of knowledge. Such an environment requires freedom, which is why the freest societies are the most prosperous. In five minutes, economist George Gilder explains why

 

[SpacePete]

Maybe jobs create jobs. More jobs -> more people with income to spend -> more jobs created to meet spending demand.

 

[mmm....shiney!]

Markets do not exist without consumers, your point is moot.

That's fine, as long as you include artificial markets. E.g. many farm subsidies are paid to farmers for them to not produce, or to produce additional. Is that really a market, who is the consumer?

In truth? Probably the government, because if it decides to incentivise non-production by giving capital to a farmer, then it is really the same as flushing money down a toilet, or more appropriately, bordsilver's baker eating her own bread or spilling flour on the floor.

 

[willrocks]

Maybe jobs create jobs. More jobs -> more people with income to spend -> more jobs created to meet spending demand.

Jobs Wealth

 

[Clawhammer]

The problem with TED talks these days is any clown is allowed up to spruik an untested theory with nothing to back it up. Bill Clinton, Kevin Rudd etc

In the early days, presenters had to pass muster with peer review and produce evidence of proven outcomes.

TED's been hijacked by the worst of our society

 

[willrocks]

I like onion talks better. They're more entertaining.

[youtube]http://www.youtube.com/watch?v=tom6_ceTu9s[/youtube]

 

[SpacePete]

Index YouTube Digest Nick Hanauer "Rich people don't create jobs"

Maybe jobs create jobs. More jobs -> more people with income to spend -> more jobs created to meet spending demand.

Jobs Wealth

So the focus should be on creating wealth?

 

[bordsilver]

Index YouTube Digest Nick Hanauer "Rich people don't create jobs"

Maybe jobs create jobs. More jobs -> more people with income to spend -> more jobs created to meet spending demand.

Jobs Wealth

So the focus should be on creating wealth?

If you care about alleviating poverty and improving the human condition, yes.

 

[willrocks]

Index YouTube Digest Nick Hanauer "Rich people don't create jobs"

Maybe jobs create jobs. More jobs -> more people with income to spend -> more jobs created to meet spending demand.

Jobs Wealth

So the focus should be on creating wealth?

Yes.

People under tyrants such as Joseph Stalin and Mao Zedong had 'jobs'. It didn't improve their conditions. In NAZI Germany people had 'jobs' too.