Um, Zeke. I just did. Did you miss that part?But in real life businesses lay off for all sorts of reasons. Increased productivity through mechanization has been the biggest job killer.
Rabbit, I gotta give that one to you. Business's do lay off human workers because a machine fills the workers role.
Still doesn't change the fact that the demand for the goods or services is now being filled by a machine. And rabbit, you know what happens when the demand for what ever the machine produces falls?
The machine gets turned off. Taken off line, slowed down. Kinda like a lay off but you don't have to pay UE.
Of course the entire thread has been about creating jobs for humans. But I did ask.
So you indicated that you knew of "all sorts of reasons" for lay offs. Go ahead. Elaborate.
So we've proven that business investment drives job creation, not consumer spending. This is important because the Obama Administration labors under the false notion that by increasing demand they can increase economic activity. But the result shows that is false. We have had the highest rate of stimulus ever and the worst economic performance by the economy. That is no accidental. Gov't stimulus takes away from productive uses and channels the money to unproductive ones. Add in the gross hostility of Obama & Co to business in form of higher levels of taxation and regulation it is no surprise that business investment has slumped, and hiring and wages as well.