Foreigners are The Real Job Creators

Posted: Dec 12, 2011 |Comments: 0 |

There is a raging debate about who are the real job creators- rich people or the people?  Without buyers of his iPhones Steve Jobs would have been a failure.  If all his buyers were as poor as the peasants who make iPads, his sales would have paltry.  On the other hand if we had only worker bees without any ideas or good business managers then we would resemble (even more) a third world country. 

What is indisputably true is that now that the middle class is dying, business leadership is worth less than it used to be.  Every businessman is (or should be) worried sick about the health of his customers.  The only exceptions are spec traders who roll the dice every day and have no customers. 

From a policy standpoint what is the answer?  Who should we favor and shower with tax incentives:     Exporters. 

John Lasseter creates jobs because he employs Americans who make cartoon movies that are watched by millions of foreigners.  They send their money by the boatload to America.  Pixar (and many movie studios) are fabulous job creators. How do you think Germany become the new miracle economy of Europe?   Why is China growing at 9% a year?  How did Argentina save itself from default and bankruptcy in 2002? The proven solution to every case of economic malaise is exports.

That means we have to pick sides.  You cannot be a citizen of the world and love all God's people.  Your neighbor is broke and his house is on the market for 1/2 of what you thought yours was worth last week.  How much should you care about getting another Vietnamese peasant out of poverty?  Before you answer you should remember that every day the entire Chinese government wakes up and devotes itself to relocating every job in America to China. 

We do have company.  There are other countries in the world that don't get it either and they are also sinking like stones.  Let's all give a shout out to the UK, Spain, Italy and France as we go down together.  We've all hit the same giant parasitic iceberg and the band is playing "Nearer My God to Thee".

Retrieved from "http://www.articlesbase.com/economics-articles/foreigners-are-the-real-job-creators-5477765.html" Christopher Evans - About the Author:

Chris Evans if a financial analyst - a CFA and CTA with a degree in economics from Cornell.  He is a political independent devoted to finding economic policies that should have no partisan bias.

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