RE: TED talk: It's the middle class consumers, not the rich who create jobs
May 19, 2012 at 8:55 pm
The middle class consumers may sustain the viability of bulk of existing jobs, but those who create new job opportunities by following through with various innovations do seem to have a high probability of getting very rich.
So being rich in itself doesn't make the rich create jobs. But those who genuinely create jobs do tend to be amongst the rich.
So one could quibble and say the rich create jobs. But that's because sizeable fraction got rich by creating jobs. They don't create jobs by being rich, much less by being richer.
So being rich in itself doesn't make the rich create jobs. But those who genuinely create jobs do tend to be amongst the rich.
So one could quibble and say the rich create jobs. But that's because sizeable fraction got rich by creating jobs. They don't create jobs by being rich, much less by being richer.