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A job is created when there is an opportunity to make (more) money, and that opportunity requires human labour beyond what can be provided by the person who rea
by forgingahead 10y ago
A job is created when there is an opportunity to make (more) money, and that opportunity requires human labour beyond what can be provided by the person who realizes that opportunity.
It fundamentally comes down to that dynamic. So to create jobs, you need to:
a) Increase potential for opportunities, or opportunities themselves.
b) Reduce costs for realizing those opportunities.
Notice the greed component (which is a feature, not a bug, of capitalism) -- there must be an incentive to make MORE money in order for this to kick off.
- toomuchtodo 10y agoWhat if there is no opportunity for labor to make more money? Only to do existing work with less people?