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Politics : Mainstream Politics and Economics

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To: Wharf Rat who wrote (25130)8/27/2012 2:08:53 PM
From: Paul Smith  Read Replies (3) of 85487
 
I'm not sure I understood what he was trying to say.

"I can start a business based on a great idea, and initially hire dozens or hundreds of people. But if no one can afford to buy what I have to sell, my business will soon fail and all those jobs will evaporate.”

Yup, some businesses succeed and some fail. When a business fails, jobs are lost. When a business succeeds, jobs are created.
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