The secret to creating tons and tons of jobs right here in the U.S.A has been under our noses. Yes, the secret to greatly increasing employment right here in the U.S.A. has been under our noses.
By people effort just have everything open and operating 24 hours a day for 365 days, including all schools. I mean, you are for more education, right? I mean, you have to feed the tons and tons of employers working for their open and operating 24 hour places educated people, right? Well then.
More people checking grammar would be useful.
Apart from that, there is certainly already plenty of work that needs doing and is not being done: repairing and maintaining the nations infrastructure, for example. You seem to proposing a way of creating more work to do (though I don’t really understand how you think it would work), but that is not the problem. The problem is lack of money, in the right places, to pay for the work to be done. There is no point in hiring more people to make more things, for example, (whether they work during the night, or otherwise) if nobody has the the money to buy the extra things they are making.
Well, if you triple the number of people with jobs, you triple the number of people who DO have the money to buy extra things. Win-win!
Of course, there is still that pesky chicken-and-egg thing about getting the money to start the whole process going. Hmmm… maybe I’m wrong after all.
The problem is the money does exist, it’s just not where it needs to be. It’s being hoarded by the ultra-wealthy instead of being spent and circulated amongst the people who need it.
If by hoarded you mean invested in stocks and real estate then yes, they are hoarding.
Rich people are smart enough to realize that hoarding money doesn’t see it grow.
There isn’t enough demand to expand production, and part of the reason for that is automation is making production less labor intense. So I don’t know what the solution is. Even if you expand production and force stores to stay open, most stores are closed outside of business hours because business is slow and they can’t break even being open at those hours.
We may need a mandatory wage for everyone within this century. Good luck getting it passed, but that will help keep the economy going.
Yeah, this is the irony when it comes to complaining about all those rich people. When Average Joe goes to work, he does it in a building or a factory built by rich people, working for a company owned by rich people, and in fact the wealth of the rich people is the building, the factory and the company. But Joe still believes that rich people are hoarding money and not providing any benefit to anyone else.
That is hard to argue with.
No, it’s not.
Shhhh! You’re missing the pointy hair.
I’ve reread this several times and it makes no sense to me. WHat is being solved?
I think there’s something need your nose.
Well something’s preventing it from “trickling down” so whatever it is I wish that part of it was unplugged so it flowed a bit more.
Back when those factories were being build, people weren’t complaining. And those complaining today are probably the people without jobs because of lack of spending. Those people weren’t spending, they couldn’t afford it, so the companies weren’t expanding, not seeing the payoff, and they profits they were making went into cash reserves.
Fortunately the stimulus policies of the Fed are making things get better, if slowly. More stimulus faster would have helped jobs recover sooner. And if you think this is a bad idea, just look at Europe.
Yes, yes, yes, yes this is hoarding. I don’t mean to get all Georgist on you, but owning land and holding off the market is hoarding; the banks not loaning money is hoarding, companies having huge cash reserves is hoarding. The rich people are investing in things that do not create money flow downward. Not like I would do any different if I were rich, prudent investment is the smart thing to do. I wouldn’t go around pretending what I did was any good for society though; I probably wouldn’t care, because I’m rich, I wouldn’t need to care. If I started feeling guilty I’d donate to a charity, I’d still make sure to take the write-off, but it’s the thought that counts really.
Actually, the building or factory was built by Mexican, Jamaican and Honduran day laborers. The factory is partially owned by the Great Grandson of the founder of the company that built it, which is now a subsidiary of Rand Global, a multinational that for tax reasons is headquartered in the Cayman Islands. The remaining shares are owned by some hedge fund out of Greenwich, CT founded by a bunch of ex-Goldman guys who happened to crew together at Harvard.
Unfortunately, Average Joe is probably going to lose his job next week. According to a Bain & Company consulting study, the company can turn a 40% profit by offshoring the factory to China. Which suits Great Grandson just fine as he’ll have more money for hookers and blow.
But if Average Joe really works hard and puts his nose to the grindstone, maybe some day he too can be rich!
What makes an economy work is the distribution and spending of wealth. What makes it stop working is the short-sighted view that the only way to distribute money is to exchange it for work.
The economy fails when wealth distribution is equated with and limited by work performed, and the owners of the wealth have no incentive to pay to have work done.
Jobs do not create consumption, consumption creates jobs. Demand for goods and services generates demand for productive workers, and the owners of the wealth are not demanding any. Redistribution of wealth to consumers will create demand, which in turn will create jobs.
**Does there need to be more jobs? **
Humm… jobs under the nose… under. Humm… under…below…below nose…jobs…
Be low… the nose… below… blow…
**
The answer is YES!**
We don’t need more jobs, we need more money. Busy work just wastes money and pisses people off.