8537
VIP Member
Increased productivity -> increased wages and profits -> increased aggregate demand -> increased aggregate supply -> increased jobs.
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Well no, no it isn't.
Well, yes, yes it is. You see, we were discussing economics, in terms of what works, what will create jobs, what will grow the economy. Your response had nothing to do with that, and instead was a primal howl that we CAN'T DO THAT for purely emotional reasons.
Even if I agreed with you, which I don't, it would still have been effectively a non-response, except the equivalent of a toddler poking his lip out and saying "NO!"
Really? You might want to go read your OP
which is a rip on wealthy people hoarding their money
Increased productivity -> increased wages and profits -> increased aggregate demand -> increased aggregate supply -> increased jobs.
Bullshit.Increased productivity -> increased wages and profits -> increased aggregate demand -> increased aggregate supply -> increased jobs.
Increased productivity does not generate increased wages, unless labor has the effective bargaining power (through high labor demand and unions) to INSIST that it do so.
There's the flaw in your logical progression.
Increased productivity -> increased wages and profits -> increased aggregate demand -> increased aggregate supply -> increased jobs.
Increased productivity does not generate increased wages, unless labor has the effective bargaining power (through high labor demand and unions) to INSIST that it do so.
There's the flaw in your logical progression.
if I as a business owner am looking at projected cost increases due to higher taxes, increased regulations or more expensive energy...I am not apt to give out pay increases to my labor force. I am more apt to give raises however, if I'm looking at stable costs and no looming regulations or taxes.
Increased productivity does not generate increased wages, unless labor has the effective bargaining power (through high labor demand and unions) to INSIST that it do so.
yes, "non-union individuals receive raises"Non-union individuals ask for and get raises all the time
Demand creates jobs. Customers with cash in their hands clamoring for the goods produced creates jobs. It creates economic expansion and thus job growth.?
what about the exchange of money, for Investments & Savings ?Consumer spending drives the economy. The exchange of capital for goods and services is the very definition of economic activity. Concentrate capital among the very few and there will be a slower, less expansive economy.
Does investment take place with low demand? If there isn't enough disposable income among the consumer class, why would someone invest to expand production? Wouldn't that lead to full warehouses and idle workers?Demand creates jobs. Customers with cash in their hands clamoring for the goods produced creates jobs. It creates economic expansion and thus job growth.?what about the exchange of money, for Investments & Savings ?Consumer spending drives the economy. The exchange of capital for goods and services is the very definition of economic activity. Concentrate capital among the very few and there will be a slower, less expansive economy.
naively, Investment is money lent to businesses; Savings is money lent to banks; the former directly funds business expansion, creating more jobs; the latter indirectly funds business expansion (when businesses borrow from banks), creating more jobs
If so, the I+S are legitimate economic activities, that (directly, indirectly) generate jobs.
Demand creates jobs. Customers with cash in their hands clamoring for the goods produced creates jobs. It creates economic expansion and thus job growth.?what about the exchange of money, for Investments & Savings ?Consumer spending drives the economy. The exchange of capital for goods and services is the very definition of economic activity. Concentrate capital among the very few and there will be a slower, less expansive economy.
naively, Investment is money lent to businesses; Savings is money lent to banks; the former directly funds business expansion, creating more jobs; the latter indirectly funds business expansion (when businesses borrow from banks), creating more jobs
If so, the I+S are legitimate economic activities, that (directly, indirectly) generate jobs.
Guys who create things other people want to buy create jobs.
You can demand all you want but if there's nobody there to produce, all your demand isn't worth a popcorn fart.
i.e. "foolish economic activity is non-sustainable" ("fools & money are soon parted"); Americans comprehend "Consumption", much more than "Investment", so that they are better with the former, than the latter.Consumer driven growth is more sustainable and profitable then investment driven growth, given that the latter results in dot.com/housing bubbles.
rich spend more money on alcohol [and] beach front properties
cutting the riches taxes does not increase demand, because the rich already consume everything they want. When you make 10million a year getting 1million more wont result in you buying more things.
Third cutting the riches taxes would result in more economic bubbles given that they have to invest that moeny into something and during the past two business cycles they invested that money in inefficacy dot.coms or CDO's and suprime housing
There are some who think that coddling the rich will create jobs. That if those very rich had just a few more advantages, they would open their considerable purses and let the wealth flow like manna from heaven.
Do tax cuts create the opportunity for job growth? Does someone summering in the Hamptons glance at his 1040 and sudden decide to open a factory because his marginal rate has been cut from 39% to 35%?
No.
Demand creates jobs. Customers with cash in their hands clamoring for the goods produced creates jobs. It creates economic expansion and thus job growth.
Should more money be concentrated among the very wealthy or should more consumers enjoy tax relief and therefore more disposable income?
Evidently Dear Ruler thinks sidewalks create jobs. He has spent millions of stimulus dollars in Oklahoma City building sidewalks where none ever existed. Evidently there was a demand for them, because he's built them everywhere. In fact, there must have been a demand to replace existing sidewalks to, because many old ones were ripped up and replaced.