The big corporations and wealthy elite in America are sitting on tons of cash right now, this is known.
They are not hiring, this is also known. Hell, they’re not even giving their people raises.
Therefore, they are not “job creators” in any sense of the word.
So stop calling them “job creators” they are NOT job creators.
When come back, bring jobs!
So, who are the job creators? And how do I sacrifice a chicken to them?
Yes, a chicken. If I could afford a goat I wouldn’t be asking.
The government. They have the ability to create public sector jobs, and raise corporate taxes that would spark hiring in the private sector.
Consumers.
Businesses don’t grow because people invest in them, they grow because people want to pay money for the shit they’re selling.
Ahem…May I direct you to the thread currently going on in the Pit:
**The Bullshit term “job creators” **
How sad…
Judging by the past few years, China and India 
More seriously, while I agree with **Cheesesteak **to some extent, it’s a bit of a chicken and egg question isn’t it ? Without consumers, a business can’t work (not for long, anyway. Ask John Romero). With consumers but no investors or a bad CEO, a business doesn’t really work either.
Nope. Demand ALWAYS comes first. You can have the best-run and best-funded company in the world and if it’s making something no one wants, it will fail.
They’ve been piling on this trickle down jobs creation thing for 30 plus years now, and our standard of living (on the whole) has been declining and jobs disappearing for 30 plus years now. You would think that with 10 years of the Bush tax cuts, which were supposed to create jobs, that we’d all have at least one job with health benefits. No. It was a scam from the get go.
Well the BBQ thread is pretty much a pile-on, no serious opposition, and if this does not produce a debate I am fine with the mods locking the thread or merging it with the BBQ thread.
Where did the demand go? Did people all of a sudden wake up and stop wanting things?
Half the demand woke up tossed from its jobs to cut costs and corners, pad bottom lines and make shares go up. The other half woke up scared it’d be next, and started stockpiling its wealth just in case.
Pretty much.
They saw massive drops in home prices put them in financially ugly situations, and therefore aren’t spending money. They saw large drops in the stock market hit their 401k hard, and stopped spending money. They perhaps lost their job because of structural changes in the economy or as a result of the housing bubble burst or the financial sector crisis, and stopped spending money.
But demand can also be created. So demand-creators are job-creators.
Business does not create demand.
we’ve had the Bush tax cuts for 10 years now
corporate america is sitting on over a Trillion in cash
the american worker is the most productive worker in the world
tax rates on the richest have never been lower
income, adjusted for inflation since 1976, has not risen
household income hasn’t risen since 1997
remember: when the gov’t gives businesses money it’s called an “incentive”, when it helps people out it’s “socialism”
Who demanded iPhones before they were invented? Who craves some particular brand of coffee before they hear of it? People demanded a good 5 cent cigar for a long time, but never got one. The demand for many consumer products is created by businesses. That doesn’t make every business a demand creator, or job creator, but demand is something that is often created, and demand creation is a big part of business.
Why do people create jobs in the first place? Don’t people who invest in companies and create jobs do it to make money for themselves? Did all the rich people and corporations suddenly get less greedy?
Small businesses, which are generally not owned by rich people, so they don’t get much of a hearing in government.
Many people woke up and found that they had been laid off, and they could not afford stuff.
Others woke up and found that their friends or neighbors had been laid off, and got worried that they might be next, so they started saving money rather than buying stuff.
Still others woke up and read the news which had the words “recession” “stock market crash” and “Dooooooom!”. They decided to put off any purchases until things had settled down some.