Career Calling

December 2, 2011

Where Do Jobs Come From?

Filed under: Job Market Trends — claycerny @ 12:53 am
Tags: , ,

In today’s Think Progress, Zaid Jilani reports on Nick Hanauer (based on a profile in Bloomberg Businessweek), a venture capitalist who has funded several successful companies.  Does he call himself a job creator?  No.  Hanauer says the middle class creates jobs because they buy things.  I would add that lower wage working people and the poor also feed the economy through their spending.  If salaries are cut and unemployment benefits cut, people have less money to spend.  Less spending means fewer jobs.  Government austerity does not bring more jobs. 

Three cheers for Nick Hanauer, an honest man.

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