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View Diary: MILLIONAIRE INVESTOR: "If the Rich Were Job Creators, We'd be Drowning in Jobs Today." (86 comments)

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  •  Great idea... (4+ / 0-)
    Recommended by:
    Marie, FarWestGirl, NM Ray, elwior

    But workers are cheap right now.  Very few employers are enlightened enough to recognize that paying more is a solution.  And most other businesses would just free ride on any stimulus that may result from those few enlightened employers.

    The real solution to get employers to pay more is to make workers scarce, as in having many more jobs available.  To achieve this will require government spending on infrastructure, education, research, arts and other areas that represent long term investment in the economy.

    This type of spending will create jobs and those employees will spend their payrolls and increase demand, thus stimulating the economy.  Further the work they undertake will improve the efficiency of the economy and will payoff over the long term too.

    I am here to represent the democratic wing of the Democratic Party. Roar louder!

    by Josiah Bartlett on Fri Feb 10, 2012 at 07:05:45 AM PST

    [ Parent ]

    •  Problem is that a govenment that spends (4+ / 0-)

      wisely for the future efficiency and stability of the US economy requires leaders that can sell it and they have been in extremely short supply for decades.  Makes me wonder how the hell NYC ever managed to begin building its subways over a hundred years ago.  

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