Supply side economics is ...

[FluffyMcDeath]

bull - always has been and always will be ... like this guy explains it:

In capitalist economies, capital is not acquired to be spent; it is acquired to be accumulated. Employees are merely means to that end, and whenever a business can accumulate capital without the use of employees, it will do it. And that is what has happened in large measure in America today. Businesses have found ways of accumulating capital without the need for American employees and government has aided and abetted businesses in doing so.

Businesses exist to make money, not jobs. If they can do it without creating jobs (which are an expense) then they will. They create jobs only when they need to.

 

[faethor]

You hit the nail on the head. 'Job creators' are people spending money. No company nor CEO has thought 'I need to add jobs to help the nation'. They add jobs as they see the job increasing their value.

And this is exactly what is broken. The CEO today isn't sure the direction of the Country. We've had 30 years of too much spending and setting up an unfair tax system. That CEO doesn't know if the employee he hires today will cost him dearly in the future. The CEO is smart enough to know the system is so unbalanced that adjustment must come. This fear in turns is further unbalancing the system. It's the same sort of problem the Republicans created which caused the first Depression. The burning question is how do we get out of it, safely.

Unfortunately the Dems don't see to have well defined path out. Republicans? Well they want to drive continue driving the train down into the bottom of the gultch.

 

[metalman]

bull - always has been and always will be ... like this guy explains it:

In capitalist economies, capital is not acquired to be spent; it is acquired to be accumulated. Employees are merely means to that end, and whenever a business can accumulate capital without the use of employees, it will do it. And that is what has happened in large measure in America today. Businesses have found ways of accumulating capital without the need for American employees and government has aided and abetted businesses in doing so.

Businesses exist to make money, not jobs. If they can do it without creating jobs (which are an expense) then they will. They create jobs only when they need to.

A business will substitute capital for labor whenever the cost of labor exceeds the cost of a machine.

A machine doesn't go on strike, need health care, require unemployment compensation, or have to be paid time and a half to work overtime.

jobs are a side effect of economic growth

 

[faethor]

Metalman, er sorta. If businesses do not expect or want creativity and improvements machines are a good answer. They do what you tell them, more accurately, and at a better rate of speed. Those other things such as customer understanding, streamlining business process, flexibility and personability do not come in a machine form. (yet I may add - someday perhaps.) So, businesses like Foxconn in China hiring 1million robots to assemble are great for today's machines.

Though the writing is on the wall in some other fields. The more disciplined and general work force should start worring more. IBM's Watson ability to win jeapordy means some of the Family Practice Doctors, IT support, and lower entry information based positions do have a future where they are soon to be machine replaceable.

 

[metalman]

Its already possible to replace most lawyers with a software program for most routine legal matters, just like tax preparation software is used a tax time, however lawyers have prevented the wide spread distribution of these programs, despite the fact its what they use themselves when preparing legal documents

Most jobs don't require creativity, just repetition.