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re: This is why business owners/entrepreneurs do not like democrats very much
Posted on 10/27/14 at 1:36 pm to BugAC
Posted on 10/27/14 at 1:36 pm to BugAC
While I would tend to agree with HRC on this assessment, demand is the ultimate driver for hiring - like everything else in economics, its a pretty complicated situation.
If I were to start a business and I had no one that wanted product/service, I would probably be SOL and not create any jobs. Only with demand could I succeed with that business. And for many things, that demand already exists.
But sometimes businesses can create demand for products or service. Apple has done a great job of this but there are a ton of other examples. For instance voodoo donuts. I never knew I need a donut covered in crushed up oreos and PB until I had one. Also true for burrito joints - did you know you needed chipolte until you had it? Likely you didn't.
So while HRC is right that demand creates jobs, its just not that simple. Sometimes ideas/businesses also create jobs.
If I were to start a business and I had no one that wanted product/service, I would probably be SOL and not create any jobs. Only with demand could I succeed with that business. And for many things, that demand already exists.
But sometimes businesses can create demand for products or service. Apple has done a great job of this but there are a ton of other examples. For instance voodoo donuts. I never knew I need a donut covered in crushed up oreos and PB until I had one. Also true for burrito joints - did you know you needed chipolte until you had it? Likely you didn't.
So while HRC is right that demand creates jobs, its just not that simple. Sometimes ideas/businesses also create jobs.
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