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Originally Posted by Happy Monkey
That's why it's silly to think that giving money to rich people makes jobs.
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Define "rich".
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To employers, jobs are expenses. They'll get by with as few as they can, no matter how good the economy is or how much cash they have on hand.
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Yea, that is how they make money. But the fact is that many would hire back people they let go if they had the capitol to do so.
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The only way to get them to employ more people is to increase the money available to their customers, so a new hire is needed to handle enough business to offset the cost of their job.
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Incresing money strickly on that basis in these times will not get people to spend more, they will save it or pay off bills, but I doubt they will spend it. Look at the boondogle infusions of cash in the last 12 years. There was no sudden splurge of economic activity.
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That's why Ford paid his workers more than the prevailing wage - he figured he'd get his money back when they bought a car. It works on a national scale as well.
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Wait... I thought you said you don't think "rich" people should have more money, and Ford was certainly among the rich of the time.