Does a low wage population create fewer jobs than a
country with citizens the elite like?
The middle class with expendable income does, yes.
Sadly, we are taught as consumers that we don't even have to have expendable income anymore. All we need is a credit card.
So, we are at a place economically where debt is bought as an asset by many of the elites.
Jobs are always going to exist.
There is work to do no matter what.
Labor is what creates wealth...at least according to the philosopher that pioneered capitalist philosophy...Adam Smith...who by the way...warns us of economic "rent seekers" and there negative effect.
Yes, consumers create jobs. No customers, no money, no jobs.
Most of them in some way.
Thanks to the democrats we have plenty of low wage jobs. Democrats and liberals consider themselves the elite.
It's not quite that simple.
Comments
The middle class with expendable income does, yes.
Sadly, we are taught as consumers that we don't even have to have expendable income anymore. All we need is a credit card.
So, we are at a place economically where debt is bought as an asset by many of the elites.
Jobs are always going to exist.
There is work to do no matter what.
Labor is what creates wealth...at least according to the philosopher that pioneered capitalist philosophy...Adam Smith...who by the way...warns us of economic "rent seekers" and there negative effect.
Yes, consumers create jobs. No customers, no money, no jobs.
Most of them in some way.
Thanks to the democrats we have plenty of low wage jobs. Democrats and liberals consider themselves the elite.
It's not quite that simple.