| ▲ | 542354234235 15 hours ago | |
The shift in the US to the idea of “job creators” being business owners is part of it. It was just a way to direct money to the already rich, as if they would hire more people with that money. When it is plainly obvious that consumers are job creators, in that if they buy more goods and services, businesses will hire more people to make or provide more of those things. Or maybe it was trickle down economics. Trickle up economics still end up with the rich getting the money since we all buy things from companies they own, it just goes through everyone else first. Trickle down cuts out the middleman, which unfortunately is all of us. | ||
| ▲ | panick21_ 14 hours ago | parent [-] | |
The framing of X or Y are job creators is idiotic. Its literally the most basic fact of economics that you need producers and consumers, otherwise you don't have an economy. The more economically correct way to express this would be that entrepreneurs and companies who innovated increase productivity and that makes the overall economy more efficient allowing your country to grow. > Or maybe it was trickle down economics. Trickle up economics still end up with the rich getting the money since we all buy things from companies they own, it just goes through everyone else first. Trickle down cuts out the middleman, which unfortunately is all of us. This just sounds like quarter baked economics ideas you have made up yourself. Neither 'trickle down' nor 'trickle up' are concepts economist use. And that you confidently assert anything about the social outcomes of these 'concepts' is ridiculous. | ||