The Myth about Job Creation

Published on: 2012-11-24 01:47:34

If we are going to turn our economy around, we need realize what creates jobs. If it were true tax cuts for the rich created jobs, then we should be swimming in jobs right now. The word "job creator" when applied to the wealthy is a sort of deification bestowed that is misleading at best. If the middle class had the same share of the income as they did in 1970, they would be making about $92,000/year on average today. We have been living in a fantasy about job creators, and our understanding needs to change.

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