Quote:
Originally Posted by tw
Jobs are created only when less people do the same job every year.
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I don't get it. Maybe because I'm a "bean counter"?
But it seems to me, and from my observations, that if less people do the same job every year, then job
hunters are created, not jobs. Let's use my company as an example...
In 2007, my employer has 4 accountants and each one is responsible for 7-8 real estate properties. In 2012, we have 3 accountants, and now each one is responsible for 18-20 properties (many of them the same properties as in 2007), and none have had a raise since 2008. They are working more than twice as hard, for the same money, we have less overhead (benefits, computers, desk space, etc.) and are making more money than ever. And we have one accountant out of work, out there hunting for a job.
So how did we create jobs?
Is your assumption that the unemployed accountant won't be able to find work, so he'll "innovate" and "create" and make some sort of opportunity for a new job?
From my perspective, he/she actually goes broke and ends up destitute and bitter. And the remaining employed accountants are resentful and poorer than ever, since insurance, daycare, transportation and living expenses have gone up by the boatload, but their income has not. The only truly satisfied person in this scenario is the company owner, as he is earning more money than ever before...what with his reduced overhead and taxes and increased income.