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re: HRC: "Don't Let Anybody Tell You Businesses & Corporations Create Jobs"
Posted on 10/31/14 at 11:00 am to Asgard Device
Posted on 10/31/14 at 11:00 am to Asgard Device
quote:why don't we have full employment?
I'm not sure that anyone creates jobs. Replace jobs with new jobs, maybe.
quote:They only control a subset of their own resources. And even then, when you invest in... Say a stock... You generally have little control over how your money is utilized. Most instruments like bonds are even worse.
I think that people who control money simply decide how resources are allocated.
quote:Humans aren't capital. Ask anyone with a kid.
Human capital is a resource.
And not really a resource... as much as they are a market (in terms of labor). 
1
Posted on 10/31/14 at 1:24 pm to Taxing Authority
quote:
why don't we have full employment?
Resources are allocated to take care of people who don't want to work because the jobs that are available aren't good enough for them. You honestly think you couldn't go find a job as a cashier, general laborer, janitor, or fast food worker?
quote:
They only control a subset of their own resources
Who is "they" ? Somebody controls all available resources. Generally people control their own labor.
quote:
You generally have little control over how your money is utilized. Most instruments like bonds are even worse.
The point isn't whether or not YOU have control. The point is that somebody or some entity does control the money and gets to decide how it is utilized. When you buy a stock you decide that the resources youve accumulated should be put into that stock. Then the company decides on how to spend it.
quote:
Humans aren't capital
Yes we are.
quote:
And not really a resource
Yes we are.
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