WebUI wrote:
or companies that want to pay decent wages with benefits.
The benefit of high paid workers is that you have a vigorous consumer class. Working people who are paid well, are buying a new car every year, are fixing up their house, are sending their kids to college. They are spending money putiing their neighbors to work.
When you lower wages to the third world level, you remove the consumer from the equation. Yes Bill Gates and Warren Buffet and Michael Bloomberg make more money, but they don't spend it.
The Republcans call Bill Gates a job creator. WRONG! The jobs creators are consumers. Consumers create jobs. Consumers put people to work!
twins.fan wrote:
WebUI wrote:
or companies that want to pay decent wages with benefits.The benefit of high paid workers is that you have a vigorous consumer class. Working people who are paid well, are buying a new car every year, are fixing up their house, are sending their kids to college. They are spending money putiing their neighbors to work.
When you lower wages to the third world level, you remove the consumer from the equation. Yes Bill Gates and Warren Buffet and Michael Bloomberg make more money, but they don't spend it.
The Republcans call Bill Gates a job creator. WRONG! The jobs creators are consumers. Consumers create jobs. Consumers put people to work!
Right now corporations are hoarding cash at record levels (to the tune of trillions of dollars) while incurring record low federal taxes. This has not promoted "job creation" in any way, shape or form. Corporations refuse to hire anyone who is unemployed and actually prefer guest workers to US citizens and permanent residents.
They lay off US workers en masse and hire guest workers at record levels all the while proclaiming this as "job creation."
They crow about a desperate worker shortage while ignoring nearly all resumes sent to them by US citizens and residents.
Guest workers somehow magically "create jobs" and are sought after.
Low taxes on corporations somehow "create jobs."
It seems to me that after WWII in the 50's and 60's the reason the US middle class came into existence was because of high taxes on corporations which forced them to either pay their profits in taxes or reinvest that money in tax-deductible ways like hiring US citizens as engineers, scientists, and mathemiticians and into R&D.
This led to research and development efforts which created things the world had never seen before (commercial airliners capable of transporting people across the globe, a landing on the moon, and a world-class economy with a viable middle class).
Careers were made that lasted decades till people retired.
I say "careers" as opposed to "jobs."
This is what initially propelled Boeing and other corporations to become extraordinarily successful.
Now these same corporations have forgotten their own histories. Their executives are (without exception) short-sighted and have only short term gain on their minds.
Corporations and their executives got the US government to reduce their taxes by arguing that lower taxes would lead to "job creation." There could be nothing further from the truth as recent history has shown.
This allowed corporations to keep their profits without reinvesting it into R&D and the subsequent careers that creates.
This has resulted in huge compensation for executives, huge cash hoardes for corporations but has not resulted in the mythical "job creation" that was promised in exchange for those low corporate taxes.
Whenever you hear politicians or executives talk about "job creation," run for cover because they mean exactly the opposite.
We need careers once again not commoditzed "jobs" that are given to non-US citizen guest workers.
Careers are what lead to innovation and propel the human race into the future...not commoditized guest worker jobs (which does not lead to innovation).
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