DawgTalkers.net Forums DawgTalk Everything Else... Nick Hanauer "Rich people don't create jobs" - Trickle Down is BS

j/c

FYI...


The middle class, as of 2009 was 338 million in North America with 525 million in the Asia Pacific.

By 2020 that number is expected to be 333 million in North America and 1,740 million in the Asia Pacific.

For 2030, 322 million middle class in North America, 3.228 million middle class in the Asia Pacific.

The entire world is expected to have 4,884 million middle class in 2030.

http://siteresources.worldbank.org/EXTAB...Homi-Kharas.pdf

Keep up the good work, America. Asia thanks you.

I have to go but could anyone put their opinion on this---how much of the people having problems being employed is due to the freaking population growth??

None of it. It all has to do with Economic Growth.
Populations are basically flat.

Well that's what happens when we decide that having everything made over in China is a good thing.

what's sad is that the majority of materials is actually sent to china from America.

however, you make more money off the finished product than the materials, so they send back the finished product to be sold for the cheap(Thanks, Walmart!!!)

China is developing a middle class. i encourage you guys to do your research. it use to be that everything was being manufactured in china. but now the chinese are outsourcing some work to india.

so we send them the materials, they send some to india, then it circles around to where china is making the money off of the finished product here in the states.

it's why a lot of businesses went with the outsourcing route. some were forced to outsource just to stay in business. i think the company Rubbermaid was in that position a while back.

Walmart was actually determining purchasing prices, not the manufacturers, and forced their hands.

Rubbermaid had no choice because Walmart sold 30% + of their product.

no business can survive saying no and taking a 30% hit.

so they needed the business, and was forced to ship about 50% of their labor to china.

what also sucks is that we the consumers bare responsibility for this as well.

we got caught with wanting the cheapest product. when the reality is that Walmart rarely sales the cheapest product.

here's an example of how Walmart markets to people.

So you walk into Walmart right. as soon as you walk in, you see the low prices sign. they always put the lowest price products in the middle of the isle.

say you got a microwave for a whopping 30 bucks. hey!! thats the cheapest! but naturally, it's a 30 dollar microwave without the bells and whistles, most people want something with a little bit more features.

so you go to the microwave isle. you see the microwaves for 50 bucks, 60 bucks, and so on.

you buy the microwave for 50 bucks.

you just got got.

because what happened is that you see the low prices, and you naturally assume that walmart has the lowest prices, when the reality is that you could've bought that same microwave for 10 bucks cheaper at best buy.

big box retailers are notorious for that.

but that's just one tip of many ice bergs i can talk about all day.

There was a TV show about how super markets are set up. The way they do the isles and things to manipulate people. It was fascinating.

More of a straight line than you seem to indicate IMO.

My point is, and always will be, to increase the people you employ, a product must be in demand. If there is a demand, someone will create the product. Nobody with wealth would ignore the possibility to increase that wealth.

But it's only when and if the consumers purchase and the demand for that product increases, that an increase of employees happens. Without those consumers, the business actually dies and jobs are lost.

Bottom line? The consumers are the direct cause and effect of jobs. People do not continue to hire or continue in a business that is not directly tied to consumer buying power.

I agree with you on this post.

Don't tell Old Cold One!

Without a business owner paying them to do a job, the consumers have no money to create demand...

Consumers can "demand" all they want, if they don't have money, there is no need to make a product...

It's a circle.

Some awesome posts here lately. Wish I could respond to them right now. Can't. BB games tonight, work in the morning, BB games in the early afternoon.

I've been an employee, an owner, an employee, fired, an employee again, and then bought the business I'm currently in.

None of the places I've worked have been "huge" businesses, but for the most part, that doesn't matter - it's all the same.

Business is business.

Invent a product that no one needs, sell it well, then everyone will want one. They will stand in long lines to get one. They will want one before their neighbor gets one.

Product-Manufacturer-Consumer

Women were tired of wringing the laundry when someone invented the washer and dryer that did it all.

Consumer-Product-Manufacturer

A manufacturer of widgets finds good use for a byproduct of making widgets. Makes a few and it catches on.

Manufacturer-product-consumer

Sure in theory that's how trickle down works, in reality the rich guy say's I'm not paying taxes: so he buys the politicians gets out of paying taxes, passes a law that says the middle class with no boat of their own can only enter to the depth of their ankles because he needs more money for more boats. He gets more boats and hires the chinese and indians to man the boats because they cost less than the poor guy. He takes the immense wealth he's amassing and invest it to make more money in stocks, property, other businesses etc. Now he wants those assets to be tax free too so he pays his politician again...

Now I have very little against a guy that goes out, starts a business and is very successful; hell that's what made America great to begin with, but when he rigs the system to keep the river of money all to himself, he needs to learn that is OUR river not just his.

No.

That's a suckers play. You get venture capitalists to buy the boat for you

Insightful, thanks for contributing to the debate.