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Are they really creating local jobs? Last I heard they are bent on mass firings, outsourcing for cheap labor, cutting costs and enriching themselves. Unless t

• phyzix5761 1y ago
  The one thing about rich people is that they’re very greedy. But that greed often fuels economic activity. They don’t take the money their companies earn and hide it under a mattress, because inflation would make it lose value. Instead, they reinvest it, which either creates new jobs or expands the company’s assets. Expanding assets can mean building new factories, ordering more raw materials, or entering new markets. Each of these steps involves third-party vendors: construction firms to build facilities, delivery companies to transport materials, mining companies to extract resources, suppliers, logistics providers, marketers, and contractors. All of this spending creates jobs. Maybe not directly within their own company, but across the many other businesses that support their growth.
  • _DeadFred_ 1y ago
    That was in pre-2010 America. Their wealth doesn't appear to be doing this in a way that benefits the US today.
    • phyzix5761 1y ago
      Where is all the cash going then? Dividend payouts have stayed roughly the same since 2000 and S&P 500 trade volumes have sky-rocketed since then. Firms and individuals are reinvesting cash at the same historical rate.