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This is fixed pie thinking and it's not a good way to look at the economy and jobs. If this large block of people were earning more, they would be spending more
by aero142 9y ago
This is fixed pie thinking and it's not a good way to look at the economy and jobs. If this large block of people were earning more, they would be spending more. That means more restaurant jobs, home builders, baby sitters, etc. It's not a perfect one to one that jobs will increase with spending, but it's closer to that than the fixed number of jobs view you are putting out.
- jjnoakes 9y ago> If this large block of people were earning more, they would be spending more Nothing I said disputed that.